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 11.11% return on risk over the next 3 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 $0.50 would be kept by the premium seller. The risk of $4.50 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 30.7 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cardinal Health
Cardinal Health makes changes in executive ranks, increases board size
Fri, 09 Feb 2018 19:20:05 +0000
Cardinal Health has replaced the CEO of its medical supplies and services division, who left for a new job. Don Casey, who held the role for nearly six years, left the company because he was hired as CEO of Dentsply Sirona Inc. (XRAY), a York, Pennsylvania-based manufacturer of dental products and technologies. Jon Giacomin replaced him as CEO of the medical segment, according to a regulatory filing .
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Cardinal Health Inc NYSE:CAH
Cardinal Health (CAH) Beats on Q2 Earnings, Raises '18 View
Thu, 08 Feb 2018 16:39:04 +0000
Solid performance at the Medical Segment drove Cardinal Health (CAH) in Q2.
Cardinal Health profit beats on CVS tie-up, Medtronic unit buy
Thu, 08 Feb 2018 16:11:55 +0000
Cardinal Health’s quarterly profit topped analysts’ estimates as the U.S. drug distributor benefited from its purchase of Medtronic Plc’s patient care business and a tie-up with drugstore chain CVS Health …
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