Cardinal Health's most recent trend suggests a bearish bias. One trading opportunity on Cardinal Health is a Bear Call Spread using a strike $67.00 short call and a strike $72.00 long call offers a potential 19.05% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $72.00 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 at 36.18 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 (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 …
Cardinal (CAH) Beats on Q2 Earnings and Revenues
Thu, 08 Feb 2018 13:35:01 +0000
Cardinal Health (CAH) gains on strong segmental performances in fiscal Q3 18.
Cardinal Health reports Q2 profit, revenue beats
Thu, 08 Feb 2018 12:33:17 +0000
Cardinal Health Inc. reported second-quarter profit and revenue beats early Thursday. Earnings for the latest quarter rose to $1.1 billion, or $3.33 per share, from $324 billion, or $1.02 per share in …
Cardinal Health's quarterly profit surges
Thu, 08 Feb 2018 12:12:26 +0000
Cardinal Health said on Thursday its quarterly profit more than tripled due to a benefit related to recent changes in U.S. tax laws. Net earnings attributable to the company was $1.05 billion, or $3.33 …
Also on Market Tamer…
Follow Us on Facebook