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Bullish Moving Average Cross by Cardinal Health (CAH)

By Shiri Gupta

Cardinal Health (NYSE:CAH) shares have crossed bullishly above their 10-day moving average of $51.10 on a volume of 579K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Cardinal Health have traded between a low of $48.14 and a high of $75.75 and are now at $51.35, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Cardinal Health and will alert subscribers who have CAH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Cardinal Health

Ticker(s): CAH