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CAH April 17th Options Begin Trading
Monday, February 24, 11:42 AM ET, by Market News Video Staff

Investors in Cardinal Health, Inc. (CAH) saw new options become available today, for the April ...

Noteworthy Thursday Option Activity: OKE, NLSN, CAH
Thursday, February 27, 2:14 PM ET, by Market News Video Staff

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume ...

Cardinal Health Breaks Below 200-Day Moving Average - Notable for CAH
Monday, March 9, 11:31 AM ET, by Market News Video Staff

In trading on Monday, shares of Cardinal Health, Inc. (CAH) crossed below their 200 day ...

CAH Crosses Above 4% Yield Territory
Monday, March 9, 3:13 PM ET, by Market News Video Staff

In trading on Monday, shares of Cardinal Health, Inc. (CAH) were yielding above the 4% ...

Cardinal Health Enters Oversold Territory
Thursday, March 12, 11:39 AM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Cardinal Health Enters Oversold Territory

By Dividend Channel Staff, Friday, January 3, 3:54 PM ET
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Cardinal Health, Inc. (NYSE:CAH) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.

But making Cardinal Health, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of CAH entered into oversold territory, changing hands as low as $49.14 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of Cardinal Health, Inc., the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 55.1. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, CAH's recent annualized dividend of 1.9244/share (currently paid in quarterly installments) works out to an annual yield of 3.84% based upon the recent $50.09 share price.

A bullish investor could look at CAH's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on CAH is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.


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