When the Price of (CAH) Talks, People Listen
December 21, 2024, 23:42 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CAH
- Buy CAH near 113.84 target 123.26 stop loss @ 113.51 Details
The technical summary data tells us to buy CAH near 113.84 with an upside target of 123.26. This data also tells us to set a stop loss @ 113.51 to protect against excessive loss in case the stock begins to move against the trade. 113.84 is the first level of support below 118.28 , and by rule, any test of support is a buy signal. In this case, support 113.84 is being tested, a buy signal would exist.
- Short CAH slightly under 123.26, target 113.84, stop loss @ 123.62 Details
The technical summary data is suggesting a short of CAH as it gets near 123.26 with a downside target of 113.84. We should have a stop loss in place at 123.62though. 123.26 is the first level of resistance above 118.28, and by rule, any test of resistance is a short signal. In this case, if resistance 123.26 is being tested, a short signal would exist.
Swing Trading Plans for CAH
- Buy CAH slightly over 123.26, target n/a, Stop Loss @ 122.9 Details
If 123.26 begins to break higher, the technical summary data tells us to buy CAH just slightly over 123.26, with an upside target of n/a. The data also tells us to set a stop loss @ 122.9 in case the stock turns against the trade. 123.26 is the first level of resistance above 118.28, and by rule, any break above resistance is a buy signal. In this case, 123.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CAH slightly near 123.26, target 116.86, Stop Loss @ 123.62. Details
The technical summary data is suggesting a short of CAH if it tests 123.26 with a downside target of 116.86. We should have a stop loss in place at 123.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 123.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CAH
- Buy CAH slightly over 118.39, target 123.26, Stop Loss @ 118.11 Details
If 118.39 begins to break higher, the technical summary data tells us to buy CAH just slightly over 118.39, with an upside target of 123.26. The data also tells us to set a stop loss @ 118.11 in case the stock turns against the trade. 118.39 is the first level of resistance above 118.28, and by rule, any break above resistance is a buy signal. In this case, 118.39, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CAH slightly near 118.39, target 116.86, Stop Loss @ 118.67. Details
The technical summary data is suggesting a short of CAH if it tests 118.39 with a downside target of 116.86. We should have a stop loss in place at 118.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 118.39, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Cardinal Health Inc. (CAH) available here: CAH.
CAH Ratings for December 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
104.59 |
| P2 |
116.18 |
113.62 |
113.84 |
| P3 |
118.39 |
116.86 |
123.26 |
AI Generated Signals for CAH
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Cardinal Health Inc. (NYSE: CAH) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for CAH can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CAH:
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