Cardinal Health Crosses Below its 10-day MA (CAH)
Cardinal Health (NYSE:CAH) shares have crossed bearishly below their 10-day moving average of $78.68 on a volume of 1.5 million 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 $71.72 and a high of $91.91 and are now at $77.88, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Cardinal Health. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cardinal Health in search of a potential trend change.
Keywords: moving crosses Cardinal Health