Uptrend Spotted in Shares of Cardinal Health (CAH)
SmarTrend identified an Uptrend for Cardinal Health (NYSE: CAH) on July 29, 2009 at $24.18. In approximately 7 months, Cardinal Health has returned 38.1% as of today's recent price of $33.39.
Cardinal Health is currently above its 50-day moving average of $32.49 and above its 200-day moving average of $27.32. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cardinal Health shares.
Write to Chip Brian at cbrian@tradethetrend.com
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