Cardinal Health (CAH) Offering Possible 16.28% Return Over the Next 36 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 $65.00 short put and a strike $60.00 long put offers a potential 16.28% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 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 $60.00 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 38.78 level which suggests that the stock is neither overbought nor oversold at this time.

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

CARDINAL HEALTH INC Financials
Wed, 14 May 2014 17:04:09 GMT

McKesson chief: Navigating rough pharma waters on razor-thin margins
Tue, 13 May 2014 16:13:00 GMT

A Wall Street Transcript Interview with Award Winning Garen Sarafian, Citigroup Investment Research & Analysis' Healthcare Technology & Distribution Analyst: Health Care IT Sector Stocks Depend on Data Analytics Capabilities for Future Grow
Mon, 12 May 2014 13:09:00 GMT

Cardinal Health Completes Acquisition of AccessClosure
Mon, 12 May 2014 12:30:00 GMT
PR Newswire – DUBLIN, Ohio, May 12, 2014 /PRNewswire/ — Cardinal Health today announced the completion of the acquisition of AccessClosure, a leading manufacturer and distributor of extravascular closure devices in the United States. The $320 million acquisition was an all-cash transaction. “We're excited about the AccessClosure acquisition, because it's another great example of innovating to provide solutions and cost savings to the health care industry,” said Don Casey, CEO of Cardinal Health's Medical Segment. AccessClosure, based in Santa Clara, Calif., has annual sales of more than $80 million, driven by a direct sales force.

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