Cardinal Health (CAH) Offering Possible 16.28% Return Over the Next 7 Calendar Days

Cardinal Health's most recent trend suggests a bearish bias. One trading opportunity on Cardinal Health is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 16.28% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 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 rose above the $82.50 long call strike price.

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

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

The RSI indicator is at 22.24 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cardinal Health

Cordis Announces Return to the Drug-Eluting Stent Market
Thu, 12 May 2016 13:07:10 GMT
noodls – DUBLIN, Ohio, May 12, 2016/PRNewswire / — Cardinal Health today announced that it has entered into a distribution agreement with Biosensors that enables Cordis, Cardinal Health's interventional vascular …

9:07 am Cardinal Health enters into distribution agreement with Biosensors enabling subsidiary Cordis to sell coronary stent portfolio in Europe, Middle East, Africa, Australia, & New Zealand
Thu, 12 May 2016 13:07:00 GMT

Cordis Announces Return to the Drug-Eluting Stent Market
Thu, 12 May 2016 13:00:00 GMT
PR Newswire – DUBLIN, Ohio, May 12, 2016 /PRNewswire/ — Cardinal Health today announced that it has entered into a distribution agreement with Biosensors that enables Cordis, Cardinal Health's interventional vascular business, to sell Biosensors' coronary stent portfolio. Cordis will sell Biosensors' coronary stents in select countries in Europe, the Middle East, Africa, Australia and New Zealand.

Moving Average Crossover Alert: Cardinal Health (CAH)
Mon, 09 May 2016 14:12:02 GMT

CARDINAL HEALTH INC Financials
Sat, 07 May 2016 17:04:17 GMT

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