Cardinal Health Offering Possible 8.7% Return Over the Next 25 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 $70.00 short put and a strike $65.00 long put offers a potential 8.7% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $65.00 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

KEW Group Inc. Announces Completion of Private Financing Round
Mon, 24 Feb 2014 16:05:00 GMT
PR Newswire – CAMBRIDGE, Mass., Feb. 24, 2014 /PRNewswire/ — KEW Group Inc. (KEW), a privately held oncology services company located in Cambridge, Mass., announced today the recent closing of a private round of financing …

Cardinal Health Showcases Newly Acquired RFID Technology at HIMSS14
Thu, 20 Feb 2014 19:04:52 GMT
noodls – WaveMark RFID Technology Now Part of Cardinal Health Inventory Management Solutions Dublin, Ohio, Feb. 20, 2014 ─ Cardinal Health announces its recent acquisition of WaveMark and will feature its newly …

Blog Series: How To Leverage Your Hospital Pharmacy As A Strategic Asset
Tue, 18 Feb 2014 14:00:00 GMT
PR Newswire – DUBLIN, Ohio, Feb. 18, 2014 /PRNewswire/ — In many ways, a hospital pharmacy is all-too-often viewed as a utility or cost center. However, with dramatic changes that are transforming healthcare, hospital administrators need to consider how they can leverage resources and teams, even within the pharmacy, to achieve strategic goals such as improving efficiency, improving patient outcomes and even growing revenue. According to Mary Baxter, MBA, RPh., vice president and national practice leader for Cardinal Health's Innovation Delivery Solutions business, pharmacies should be expected to add value to every aspect of a hospital's strategic agenda — and that value-add doesn't necessarily need to involve investments in new tools or resources. In a new blog series on Cardinal Health's online thought leadership site, Essential Insights, Baxter reveals four important initiatives that should be implemented to transform a hospital pharmacy into a strategic asset.

Weekly CEO Sells Highlight: Cardinal Health, Envision Healthcare Holdings, Tableau Software and …
Mon, 17 Feb 2014 00:32:26 GMT

The Money, the MD and a $12 Million Patient Safety Scandal
Fri, 14 Feb 2014 05:42:00 GMT

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