Cardinal Health (CAH) Offering Possible 6.38% 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 $70.00 short put and a strike $65.00 long put offers a potential 6.38% 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 $70.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $65.00 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 49.2 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cardinal Health

Top Analyst Upgrades and Downgrades: Achillion, GE, Monster, Newmont, SeaWorld and More
Mon, 18 Aug 2014 12:50:52 GMT

Cardinal Health Gains on Enhanced Share Repurchase Program
Thu, 14 Aug 2014 16:30:03 GMT

CARDINAL HEALTH INC Files SEC form 10-K, Annual Report
Wed, 13 Aug 2014 20:04:39 GMT

Fred's And Cardinal Health Announce Primary Supply Agreement
Mon, 11 Aug 2014 20:35:06 GMT
noodls – Cardinal Health to serve as primary supply chain partner for branded and generic pharmaceuticals under new multi-year agreement MEMPHIS, Tenn. DUBLIN, Ohio , Aug. 11, 2014 /PRNewswire/ — Fred's Inc. (NASDAQ: …

Fred's And Cardinal Health Announce Primary Supply Agreement
Mon, 11 Aug 2014 20:05:00 GMT
PR Newswire – MEMPHIS, Tenn. and DUBLIN, Ohio, Aug. 11, 2014 /PRNewswire/ — Fred's Inc. (FRED), a leading provider of pharmacy services in the southeast and Cardinal Health, Inc. (CAH), one of the nation's largest healthcare services companies, today announced a multi-year agreement for Cardinal Health to be the new primary supplier of branded and generic pharmaceutical products to all of Fred's more than 360 in-store pharmacies and EIRIS Health Services in the United States. Under the agreement, Fred's and Cardinal Health will establish a mutually beneficial strategic alliance designed to support Fred's key initiative of rapid pharmacy growth, and build on a foundation of premier supply chain and asset management tools. “Fred's is enthusiastic about the partnership we have forged with Cardinal Health and the inventive solutions Cardinal will provide to support our strategic growth,” said Bruce A. Efird, Chief Executive Officer of Fred's. “This new alliance puts Fred's in position to achieve our aggressive pharmacy growth goals in retail locations, clinical services, and specialty pharmacy.”

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