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Cardinal Health Crosses Above its 10-day MA (CAH)

By Shiri Gupta

Today, shares of Cardinal Health (NYSE:CAH) have crossed bullishly above their 10-day moving average of $53.86 on a volume of 335K shares. This may provide short-term investors a chance 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 $54.18, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 0.73% higher over the past week, respectively.

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