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Cardinal Health Bearish Moving Average Crossover Alert (CAH)

By James Quinn

Today, shares of Cardinal Health (NYSE:CAH) have fallen below their 10-day MA of $72.62 on a volume of 390K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Cardinal Health share prices have been bracketed by a low of $62.70 and a high of $91.22 and are now at $72.36, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.2%.

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