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Barchart
Barchart
Jim Van Meerten

Cardinal Health Has a String of New Highs

Cardinal Health CAH Barchart the Trend Seeker Seeking Alpha

Summary

  • Cardinal Health (CAH) shows strong technical buy signals, with a 3.95% gain since the Trend Seeker buy signal on 3/18 and consistent price appreciation.

     

  • The company operates globally, providing a wide range of healthcare services and products, including pharmaceuticals, medical supplies, and radiopharmaceuticals.

  • Barchart's technical indicators highlight CAH's positive momentum, with the stock trading above its 20, 50, and 100-day moving averages and a 21.42% gain in the last year.

  • Analysts are bullish, with multiple strong buy ratings and price targets suggesting potential gains, supported by CAH's stable drug distribution business and growing biopharma exposure.

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