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

By Amy Schwartz

Cardinal Health (NYSE:CAH) crossed under its 10-day moving average of $81.90 on a volume of 175K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cardinal Health has traded in a range of $63.06 to $83.36 and is now at $81.26, 29% above that low. The 200-day and 50-day moving averages have moved 0.22% higher and 0.45% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cardinal Health on October 27th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.91. Since that recommendation, shares of Cardinal Health have risen 5.9%. We continue to monitor CAH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Cardinal Health

Ticker(s): CAH