Cardinal Health Offering Possible 7.53% Return Over the Next 39 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 7.53% return on risk over the next 39 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 $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $55.00 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 above 80 which suggests that the stock is in overbought 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

AmerisourceBergen: Value Stock Now A Good Growth Stock Too
Tue, 12 Nov 2013 23:46:25 GMT
Seeking Alpha – AmerisourceBergen Corporation ( ABC ) is a pharmaceutical company that operates in the downstream business of drug distribution. The company has gained a solid reputation over the years as a great long-term …

CAH January 2016 Options Begin Trading
Mon, 11 Nov 2013 17:18:00 GMT

Cardinal Health (CAH) Showing Signs Of Being A Momo Momentum Stock
Fri, 08 Nov 2013 21:03:00 GMT

CARDINAL HEALTH INC Files SEC form 10-Q, Quarterly Report
Thu, 07 Nov 2013 21:11:10 GMT

[$$] Cardinal Health Set to Fly Higher
Thu, 07 Nov 2013 12:18:00 GMT

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