Cardinal Health Offering Possible 5.26% Return Over the Next 10 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 5.26% return on risk over the next 10 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 $0.25 would be kept by the premium seller. The risk of $4.75 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

Cardinal Health, Inc. – Shareholder/Analyst Call
Wed, 06 Nov 2013 21:50:04 GMT
Seeking Alpha – Stephen T. Falk Thank you, George. I present to the meeting the notice of today's annual meeting of shareholders and related proxy materials, together with an affidavit of Computershare Investor Services …

Daily Dividend Report: CAH, PWE, CSL, URS, ABC
Wed, 06 Nov 2013 18:06:00 GMT
Forbes – This morning, Cardinal Health (CAH) declared its quarterly dividend of 30.25 cents per share, maintaining the amount paid to shareholders the previous quarter. Based on the current stock price, investors can expect a yield of about 2% going forward. Shares of Cardinal Health were higher on the news, picking up […]

Cardinal Health Announces Quarterly Dividend and Preliminary Shareholder Voting Results at 2013 Annual Meeting
Wed, 06 Nov 2013 15:58:44 GMT
noodls – DUBLIN, Ohio, Nov. 6, 2013 /PRNewswire/ — Cardinal Health today announced that the board of directors approved a regular quarterly dividend of $0.3025 per share, payable Jan. 15, 2014, to shareholders …

Cardinal Health Announces Quarterly Dividend and Preliminary Shareholder Voting Results at 2013 Annual Meeting
Wed, 06 Nov 2013 15:36:00 GMT
PR Newswire – DUBLIN, Ohio, Nov. 6, 2013 /PRNewswire/ — Cardinal Health today announced that the board of directors approved a regular quarterly dividend of $0.3025 per share, payable Jan. 15, 2014, to shareholders …

Ahead of the Bell: Analyst raises Cardinal rating
Wed, 06 Nov 2013 14:07:27 GMT

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