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Cardinal Health Bearish Moving Average Crossover Alert (CAH)

By David Diaz

Today, shares of Cardinal Health (NYSE:CAH) have crossed bearishly below their 10-day moving average of $77.30 on a volume of 276K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Cardinal Health share prices have moved between a 52-week high of $91.22 and a 52-week low of $73.25 and are now trading 5% above that low price at $77.12 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

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