Cardinal Health Crosses Below its 10-day MA (CAH)
Today, shares of Cardinal Health (NYSE:CAH) have fallen below their 10-day MA of $42.05 on a volume of 1.3 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.
Over the past year, Cardinal Health has traded in a range of $36.91 to $44.49 and is now at $41.84, 13% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
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