Cardinal Health Offering Possible 11.11% Return Over the Next 11 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 $60.00 short put and a strike $55.00 long put offers a potential 11.11% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $55.00 long put 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 below 20 which suggests that the stock is in oversold 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

LATEST NEWS for Cardinal Health

Medical Device Market Ready to Cut the Cord
Tue, 05 Nov 2013 20:28:08 GMT

Cardinal Health (CAH) Shares Cross 2% Yield Mark
Tue, 05 Nov 2013 20:16:00 GMT

Top Analyst Upgrades and Stocks to Buy: BlackBerry, SunEdison, MGIC and More
Tue, 05 Nov 2013 13:35:48 GMT

FedEx and Cardinal Health Form Strategic Alliance to Offer Premier Healthcare 3PL Solutions
Thu, 31 Oct 2013 23:41:00 GMT
noodls – October 29 2013 MEMPHIS, Tenn., October 29, 2013 – FedEx Corp. (NYSE: FDX) and Cardinal Health, (NYSE:CAH) announced today that they have formed a strategic alliance that will enable the companies to leverage …

Cardinal Tops on Earnings, Ups View
Thu, 31 Oct 2013 19:15:03 GMT

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