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

By Shiri Gupta

Today, shares of Cardinal Health (NYSE:CAH) have fallen below their 10-day MA of $77.41 on a volume of 268K 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 $85.52 and are now at $76.96, 23% 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 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