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Shares of CAH Down 28.3% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Cardinal Health (NYSE:CAH) on March 20th, 2018 at $67.74. In approximately 5 months, Cardinal Health has returned 28.33% as of today's recent price of $48.55.

Over the past year, Cardinal Health has traded in a range of $48.14 to $75.75 and is now at $48.55, 1% above that low. The 200-day and 50-day moving averages have moved 0.54% lower and 0.39% lower over the past week, respectively.

Cardinal Health, Inc. provides complementary products and services to healthcare providers and manufacturers. The Company's services include pharmaceutical distribution, health-care product manufacturing, distribution and consulting services, drug delivery systems development, pharmaceutical packaging, automated dispensing systems manufacturing, and retail pharmacy franchising.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cardinal Health.

Log in and add Cardinal Health (CAH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Cardinal Health

Ticker(s): CAH