• Return to Headlines

Bullish Moving Average Cross by Cardinal Health (CAH)

By David Diaz

Cardinal Health (NYSE:CAH) crossed over its 10-day moving average of $48.21 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Cardinal Health share prices have moved between a 52-week high of $58.31 and a 52-week low of $41.03 and are now trading 19% above that low price at $48.67 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Cardinal Health. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cardinal Health in search of a potential trend change.

Keywords: moving crosses Cardinal Health

Ticker(s): CAH