Thursday, May 03, 2018 12:02:38 PM
Today, leading healthcare services and products company, Cardinal Health Inc (NYSE:CAH), is coming under heavy selling pressure after reporting earnings. The stock is trading lower by more than 18.0 percent to $52.73 a share. Traders and investors should note that the stock peaked out in late January when it traded as high as $75.75 a share. Since that pivot high, the stock has been steadily declining making lower highs on the charts. The next major support level for CAH stock will be around the $47.40 level. This is where the stock broke out in July 2013. Often, when a stock declines this sharply it will retest its former breakout level before really stabilizing and moving higher.
Nicholas Ssantiago
InTheMonYStocks
Recent CAH News
- Cardinal Health to Announce First-Quarter Results for Fiscal Year 2025 on November 1 • PR Newswire (US) • 09/24/2024 10:45:00 AM
- Apollo Eyes $5 Billion Investment in Intel; TSMC and Samsung Explore UAE Chip Projects, and More • IH Market News • 09/23/2024 10:32:25 AM
- Cardinal Health to acquire Integrated Oncology Network, a physician-led independent community oncology network • PR Newswire (US) • 09/20/2024 01:15:00 PM
- Telix Announces Cardinal Health as U.S. Commercial Distributor for Zircaix® • GlobeNewswire Inc. • 09/17/2024 11:00:00 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/16/2024 08:13:10 PM
- Children's Hospital Association and Cardinal Health commemorate World Suicide Prevention Day with continued focus on youth mental health • PR Newswire (US) • 09/10/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 10:31:02 AM
- Cardinal Health celebrates Greenville, South Carolina, distribution center opening • PR Newswire (US) • 08/28/2024 03:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 12:43:51 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/21/2024 08:25:00 PM
- Cardinal Health expands medical product distribution footprint in Northeast Ohio • PR Newswire (US) • 08/21/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 12:30:18 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 12:28:07 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 12:26:34 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 12:24:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 12:23:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 12:21:26 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 12:19:34 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 12:15:37 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/19/2024 09:41:33 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/19/2024 09:05:54 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/19/2024 09:05:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/19/2024 09:03:43 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/19/2024 08:55:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/16/2024 08:15:30 PM
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