Cardinal Health (CAH) Offering Possible 16.28% Return Over the Next 32 Calendar Days

Cardinal Health's most recent trend suggests a bullish bias. One trading opportunity on Cardinal Health is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 16.28% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $75.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Cardinal Health is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Cardinal Health is bullish.

The RSI indicator is at 69.77 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Cardinal Health

Jim Cramer: Which Stocks Stand Out as Winners? Here's My List
Tue, 18 Nov 2014 16:47:00 GMT

Jim Cramer: Which Stocks Stand Out as Winners? Here's My List
Tue, 18 Nov 2014 16:47:00 GMT

CARDINAL HEALTH INC Financials
Fri, 14 Nov 2014 18:04:26 GMT

Cardinal Health Launches Online Tool To Help Retail Pharmacies Make It Easier For Patients To Compare Medicare Part D Plans
Thu, 13 Nov 2014 22:24:25 GMT
noodls – DUBLIN, Ohio , Nov. 13, 2014 /PRNewswire/ — With the window for Medicare enrollment open from mid-October through Dec. 7 , Cardinal Health recently launched a new online tool, developed by eHealth, Inc. …

Cardinal Health Launches Online Tool To Help Retail Pharmacies Make It Easier For Patients To Compare Medicare Part D Plans
Thu, 13 Nov 2014 13:30:00 GMT
PR Newswire – DUBLIN, Ohio, Nov. 13, 2014 /PRNewswire/ — With the window for Medicare enrollment open from mid-October through Dec. 7, Cardinal Health recently launched a new online tool, developed by eHealth, Inc. …

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