Cardinal Health (CAH) Offering Possible 5.26% Return Over the Next 22 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 $70.00 short call and a strike $75.00 long call offers a potential 5.26% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $75.00 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 41.75 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

Can Cardinal Health (CAH) Keep the Earnings Streak Alive?
Fri, 25 Apr 2014 21:30:05 GMT

Dividend Contenders: 29 Increases Expected By June 30
Tue, 15 Apr 2014 14:51:24 GMT

Cardinal Health to Release Third-Quarter Results for Fiscal Year 2014 on May 1
Thu, 10 Apr 2014 12:30:00 GMT
PR Newswire – DUBLIN, Ohio, April 10, 2014 /PRNewswire/ — Cardinal Health plans to release third-quarter financial results for its fiscal 2014 on May 1, prior to the opening of trading on the New York Stock Exchange. Presentation slides and an audio replay will be archived on the Cardinal Health website after the conclusion of the meeting. At these events, Cardinal Health executives will discuss the company's diverse products and services, company performance and strategies for continued growth. Headquartered in Dublin, Ohio, Cardinal Health, Inc. (CAH) is a $101 billion health care services company that improves the cost-effectiveness of health care.

Cardinal Health to Acquire AccessClosure
Fri, 04 Apr 2014 17:50:25 GMT

Cardinal Health, Inc. — Moody's: Cardinal Health's planned acquisition of AccessClosure will aid generic medical products strategy
Thu, 03 Apr 2014 17:33:03 GMT

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