Cardinal Health (CAH) Offering Possible 26.58% Return Over the Next 22 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 $72.50 short put and a strike $67.50 long put offers a potential 26.58% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $67.50 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 above 80 which suggests that the stock is in overbought territory.

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

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Cardinal Health to Webcast Discussion of Second-Quarter Results for Fiscal Year 2018 on February 8
Fri, 12 Jan 2018 13:30:00 +0000
DUBLIN, Ohio , Jan. 12, 2018 /PRNewswire/ — Cardinal Health (NYSE: CAH) plans to release second-quarter financial results for its fiscal year 2018 on February 8 prior to the opening of trading on the …

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