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The Chart of the Day belongs to the integrated healthcare company Cardinal Health (CAH). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 4/3 the stock gained 11.81%.

(Click on image to enlarge)

CAH Price vs Daily Moving Averages

Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products. The segment also provides services to pharmaceutical manufacturers and healthcare providers for specialty pharmaceutical products; operates nuclear pharmacies and radiopharmaceutical manufacturing facilities; repackages generic pharmaceuticals and over-the-counter healthcare products; and offers medication therapy management and patient outcomes services to hospitals, other healthcare providers, and payers, as well as provides pharmacy management services to hospitals. The Medical segment manufactures, sources, and distributes Cardinal Health branded medical, surgical, and laboratory products and devices that include exam and surgical gloves; needles, syringe, and sharps disposals; compressions; incontinences; nutritional delivery products; wound care products; single-use surgical drapes, gowns, and apparels; fluid suction and collection systems; urology products; operating room supply products; and electrode product lines. The segment also distributes a range of national brand products, including medical, surgical, and laboratory products; provides supply chain services and solutions to hospitals, ambulatory surgery centers, clinical laboratories, and other healthcare providers; and assembles and sells sterile, and non-sterile procedure kits. The company was incorporated in 1979 and is headquartered in Dublin, Ohio.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

• 100% technical buy signals
• 52.35+Weighted Alpha
• 52.81% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50, and 100-day moving averages
• 11 new highs and up 6.40% in the last month
• Relative Strength Index 95.31%
• The technical support level at 84.54
• Recently traded at $85.81 with a 50-day moving average of $77.65
   

Fundamental Factors:

• Market Cap $21.72 billion
• P/E 15.96
• Dividend yield 2.34%
• Revenue is expected to grow 12.60% this year and another 6.50% next year
• Earnings are estimated to increase  13.00% this year, an additional 13.50% next year, and continue to compound at an annual rate of 13.98% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 3 strong buy, 1 buy, 12 hold, and 1 sell opinions on the stock
• Analysts' price targets are between $76 and $97
• The individual investors following the stock on Motley Fool voted 472 to 41 for the stock to beat the market with the more experienced investors voting 107 to 9 for the same result
• Value Line gives it an average rating of 3
• CFRAs MarketScope gives it a hold rating
• 41,530 investors monitor the stock on Seeking Alpha

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