Cardinal Health's most recent trend suggests a bearish bias. One trading opportunity on Cardinal Health is a Bear Call Spread using a strike $46.00 short call and a strike $51.00 long call offers a potential 14.94% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $46.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $51.00 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 below 20 which suggests that the stock is in oversold 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
5 Health Care Stocks in Gurus' Portfolios
Fri, 21 Dec 2018 21:07:35 +0000
According to the GuruFocus All-In-One Screener, the following health care stocks are popular among guru investors. Warning! GuruFocus has detected 2 Warning Sign with CAH. The company, which provides services and products for hospital systems and physicians' offices, has a market cap of $13.5 billion.
Recent Analysis Shows The Goodyear Tire & Rubber, Health Insurance Innovations, Stratasys, The Mosaic, Cardinal Health, and Plug Power Market Influences — Renewed Outlook, Key Drivers of Growth
Tue, 18 Dec 2018 12:25:00 +0000
NEW YORK, Dec. 18, 2018 — In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Should Cardinal Health, Inc. (NYSE:CAH) Be Part Of Your Dividend Portfolio?
Fri, 14 Dec 2018 14:36:47 +0000
Cardinal Health, Inc. (NYSE:CAH) has pleased shareholders over the past 10 years, by paying out dividends. The company is currently worth US$16b, and now yields roughly 3.6%. Does Cardinal Health
See what the IHS Markit Score report has to say about Cardinal Health Inc.
Thu, 13 Dec 2018 13:01:29 +0000
Cardinal Health Inc NYSE:CAH
Do Hedge Funds Love Cardinal Health, Inc. (CAH)?
Sat, 08 Dec 2018 16:31:30 +0000
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients’ money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth depends on it. Regardless of the various methods used by elite investors like David Tepper and Dan Loeb, […]
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