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Technical Analysis
- 11/6/2009 11:00:41 AM
By Chip Brian, SmarTrend Analytics Team
Cardinal Health (NYSE:CAH) downgraded to Hold from Buy at Jefferies. The stock closed yesterday at $29.63 on volume of 3,992,800 shares, above average daily volume of 3,849,425.
Cardinal Health is currently above its 50-day moving average of $27.18 and above its 200-day moving average of $24.73.
SmarTrend is bullish on shares of CAH and our subscribers received an Uptrend alert on July 29, 2009 at $24.18, which has returned 22.5% to date.
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