Cardinal Health Offering Possible 16.28% Return Over the Next 31 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 $55.00 short put and a strike $50.00 long put offers a potential 16.28% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $50.00 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 at 76.66 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cardinal Health

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Thu, 10 Oct 2013 20:09:04 GMT

Cardinal Health rises as analyst raises target
Thu, 10 Oct 2013 20:09:04 GMT

Cardinal Health to Release First-Quarter Results for Fiscal Year 2014 on Oct. 31
Thu, 10 Oct 2013 12:30:00 GMT
PR Newswire – DUBLIN, Ohio, Oct. 10, 2013 /PRNewswire/ — Cardinal Health plans to release first-quarter financial results for its fiscal 2014 on Oct. 31, prior to the opening of trading on the New York Stock Exchange. …

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