Cardinal Health (CAH) Offering Possible 9.89% Return Over the Next 18 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 9.89% return on risk over the next 18 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 $0.45 would be kept by the premium seller. The risk of $4.55 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 25.07 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

3 Attractive Income Stocks Whose Dividends Could Double
Tue, 21 Jun 2016 16:01:00 GMT

CARDINAL HEALTH INC Files SEC form 8-K, Entry into a Material Definitive Agreement
Tue, 21 Jun 2016 13:23:02 GMT

Cardinal Health to Release Fourth-Quarter and Year-End Results for Fiscal Year 2016 on Aug. 2
Tue, 21 Jun 2016 12:59:07 GMT
noodls – DUBLIN, Ohio, June 21, 2016/PRNewswire / — Cardinal Health plans to release fourth-quarter and year-end financial results for its fiscal year 2016 on Aug. 2prior to the opening of trading on the New York …

Cardinal Health to Release Fourth-Quarter and Year-End Results for Fiscal Year 2016 on Aug. 2
Tue, 21 Jun 2016 12:30:00 GMT
PR Newswire – Presentation slides and a webcast replay will be available on the Cardinal Health website at ir.cardinalhealth.com until Aug. 1, 2017. Cardinal Health, Inc. (CAH), a global health services and products company, brings scaled solutions that help our customers thrive in a changing world.

Premarket Research Report Covering the Services Sector
Tue, 14 Jun 2016 13:02:48 GMT

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