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 1.01% return on risk over the next 37 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 $0.05 would be kept by the premium seller. The risk of $4.95 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
Myriad Unveils myPath Melanoma
Thu, 14 Nov 2013 21:20:10 GMT
CARDINAL HEALTH INC Financials
Thu, 14 Nov 2013 18:04:10 GMT
AMED Slips to Loss, Misses Estimates
Wed, 13 Nov 2013 14:10:02 GMT
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
Also on Market Tamer…
Follow Us on Facebook