Cardinal Health (CAH) Offering Possible 8.91% Return Over the Next 17 Calendar Days

Cardinal Health's most recent trend suggests a bearish bias. One trading opportunity on Cardinal Health is a Bear Call Spread using a strike $73.00 short call and a strike $78.50 long call offers a potential 8.91% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $73.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $5.05 would be incurred if the stock rose above the $78.50 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 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

24 Stocks For A Trump Tax Cut
Mon, 01 May 2017 18:01:00 +0000
We aren’t banking on a tax cut, but there are plenty of companies that are now paying Uncle Sam an effective rate north of 30%. We like these stocks independent of any tax relief, but such an occurrence would be an added reason for optimism.

Hit by Generic Deflation, Cardinal Health Expects Pricing to Stabilize Through 2017
Mon, 01 May 2017 16:05:00 +0000
The Cordis and Medtronic acquisitions are meant to shield Cardinal from the pricing swings of drug distribution.

Cardinal Health (CAH) Q3 Earnings Beat Estimates, Rise Y/Y
Mon, 01 May 2017 15:01:03 +0000
Cardinal Health Inc. (CAH) reported third-quarter fiscal 2017 adjusted earnings of $1.53 per share, which beat the Zacks Consensus Estimate of $1.46 and increased 7% on a year-over-year basis.

Cardinal Health Is Not Responding to Care
Mon, 01 May 2017 13:31:00 +0000
It looks like CAH will have a long road to recovery.

Cardinal Health (CAH) Tops Q3 Earnings, Miss on Revenues
Mon, 01 May 2017 12:26:12 +0000
Cardinal Health???s adjusted earnings rose 7% on a year-over-year basis to $1.53 per share.

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