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JimVanMeerten (55.35)

Cardinal Health



September 24, 2014 – Comments (0) | RELATED TICKERS: CAH

The Chart of the Day belongs to Cardinal Health (CAH).  I found the stock by sorting the All Time New High list for the best technical buy signals then used the Flipchart feature to review the charts.

CAH is one of the leading providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. These services and products include Pharmaceutical Distribution and Provider Services, Medical-Surgical Products and Services, Pharmaceutical Technologies and Services and Automation and Information Services.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

Barchart technical indicators:

100% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages12 new highs and up 6.07% in the last monthRelative Strength Index 72.73%Barchart computes a technical support level at 75.17Recently traded at 74.47 with a 50 day moving average of 73.03

Fundamental factors:

Market Cap $26.36 billionP/E 19.76Divided yield 1.18%Revenue expected to grow 1.40% this year and another 3.90% next yearEarnings estimated to increase 10.40% this year, an additional 12.00% next year and continue to increase at an annual rate of 10.36% for the next 5 yearsWall Street analysts issued 7 strong buy, 9 buy and 4 hold recommendations on the stock.

The 50-100 day MACD oscillator has been a very reliable technical indicator on this stock so watch it and the moving averages very closely.

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