CAH Breaks Out at $208.29 as Moving Averages Align

Cardinal Health Inc (CAH) closed up 0.37% at $208.29 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($204.37) with a bullish stack. The 21-day EMA at $202.37 provides support.
• Momentum: RSI at 62.6 is in neutral territory but trending higher. MACD is bullish (2.81 vs signal 2.70).
• Volatility: Bollinger Band width at 8.8% indicates low volatility.

Key levels to watch: Support at $193.19, Resistance at $210.96.