Cardinal Health Offering Possible 7.53% Return Over the Next 32 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 $67.50 short call and a strike $72.50 long call offers a potential 7.53% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $72.50 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 53.61 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cardinal Health

Merge Pinned at Neutral
Tue, 17 Dec 2013 22:50:02 GMT

This Pharmacy Benefit Manager Will Benefit Investors
Tue, 17 Dec 2013 18:30:27 GMT
Motley Fool – With the acquisition of Coram and 10-year agreement with Cardinal Health, CVS Caremark will deliver better operating performance in the future. The deals also put CVS in a better position to compete with …

How to Make Benchmarking Work for Hospital Pharmacies
Tue, 17 Dec 2013 14:09:28 GMT
noodls – DUBLIN, Ohio, Dec. 17, 2013/PRNewswire/ — At the 2013 American Society of Health System Pharmacists (ASHP) Midyear Clinical Meeting in Orlando, one of Cardinal Health's leading hospital pharmacy experts …

How to Make Benchmarking Work for Hospital Pharmacies
Tue, 17 Dec 2013 13:30:00 GMT
PR Newswire – DUBLIN, Ohio, Dec. 17, 2013 /PRNewswire/ — At the 2013 American Society of Health System Pharmacists (ASHP) Midyear Clinical Meeting in Orlando, one of Cardinal Health's leading hospital pharmacy experts shared best practice insight into how hospitals can leverage benchmarking and analytics tools to reduce drug costs. According to Kathy Chase, Pharm. D., director of Drug Cost Control Services for Cardinal Health's Innovative Delivery Solutions business, benchmarking drug cost and other areas of hospital pharmacy performance can help hospitals reduce drug costs by 1 to 3 percent.

Walgreen, Rite Aid To Get Drugstore Earnings Checkups
Mon, 16 Dec 2013 13:02:00 GMT
Investor's Business Daily – Walgreen, Rite Aid To Get Drugstore Earnings Checkups

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