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

By James Quinn

Today, shares of Cardinal Health (NYSE:CAH) have crossed bullishly above their 10-day moving average of $77.27 on a volume of 364K 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 $73.25 and a high of $91.22 and are now at $77.57, which is 6% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 0.26% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cardinal Health on August 25th, 2016 by issuing a Downtrend alert when the shares were trading at $80.07. Since that call, shares of Cardinal Health have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Cardinal Health

Ticker(s): CAH