[May 16, 2011] Cardinal Health Bullish Moving Average Crossover Alert (CAH) Tweet May 16, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Today, shares of Cardinal Health (NYSE:CAH) have crossed bullishly above their 10-day moving average of $44.81 on volume of 1 million shares. This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation. SmarTrend issued an Uptrend Alert for Cardinal Health on March 28, 2011 at $41.45. In approximately 2 months, Cardinal Health has returned 8.3% as of today's recent price of $44.90. In the past 52 weeks, shares of Cardinal Health have traded between a low of $29.69 and a high of $45.60 and are now at $44.90, which is 51% above that low price. In the last five trading sessions, the 50-day MA has climbed 0.79% while the 200-day MA has risen 0.8%. We will continue to monitor CAH's share price relative to this moving average. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup [ Back To TMCnet.com's Homepage ]