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

By David Diaz

Cardinal Health (NYSE:CAH) shares have crossed bullishly above their 10-day moving average of $74.33 on a volume of 218K 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 $62.70 and a high of $91.22 and are now at $74.61, which is 19% above that low price. Over the past week, 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