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Short 1000 $CAH
Long 115 $HUM
Mean Reversion Time: 10 Trading Days
This is more of investment logic than trading logic. I was keeping an eye on Cardinal to see if this Inverted H&D would play out, and it did not. Will be watching to see where it finds support - I am expecting it will be off the 20dma. If we see a nice morning star, or bullish hammer I will be looking to build a long from that point. I am keeping an eye on the...
Hey traders, CARDINAL HEALTH is in a bullish position, it gives a false bearish signal from or to the wicked. its tried to break with force despite the volume of purchase it did not succeed.
It is plausible that it arrives on its precedent above, see even the 2nd if there is a buying force and they agree on the price.
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Looking to make a potential quick swing with CAH. Most indicators are bullish. Buy stop order placed preferably above 20-May's candle.
A quick swing to $58 with a potential of going to $64. Trade will be invalidated if prices go below $52.
NYSE:CAH
Wait before going long as both Technical and Fundamental might suggest to go long.
Fundamental Analysis:
The drug distributor reported quarterly earnings of $1.62 per share, beating the consensus estimate of $1.43 a share. Revenue also beat forecasts
Hi, today we are going to talk about Cardinal Health and its current landscape.
The opioid crisis has been plaguing the U.S at the most for nearly two years now. With scary numbers like the record of 47,600* overdose deaths caused by opioids in 2017 but the number seems to start slowdown since 2018 were the war against opioids gained some traction.
In the...
A golden cross criteria is met when the 50sma crosses the 200sma in an uptrend. We might see it happen on CAH soon.
We see a potential flag with $52 resistance up-top.
OBV sustaining the chart's price.
RRR is good @2.5
*Check chart for more details
