$Cardinal Health(CAH)$
Cardinal Health (CAH) Surged +9.83%: Volume Spike Signals Bullish Reversal, Testing $230 High
Latest Close Data
Closed at $227.18 on Feb 5, surging +9.83% ($20.33). Price is now just $2.58 below its 52-week high of $229.76.
Core Market Drivers
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Strong buying momentum was evident with a daily volume of 3.58M shares, significantly above average (Volume Ratio: 1.83).
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Net capital inflow was positive over the past five days, culminating in a substantial $6.1M inflow on Feb 4, indicating institutional accumulation.
Technical Analysis
The MACD histogram turned positive again to 1.56, suggesting renewed bullish momentum. RSI(12) at 66.19 shows strong buying pressure but is not yet in overbought territory, leaving room for further upside.
Key Price Levels
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Primary Support: $212.03 (Today's low)
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Strong Resistance: $229.76 (52-Week High)
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Immediate Pivot: $227.18 (Current Close). A break above this level targets the all-time high.
Valuation Perspective
Forward P/E of 20.68 is above its historical average of 16.05, suggesting the market is pricing in future growth expectations. The P/S ratio of 0.23 remains attractive relative to many healthcare peers.
Analyst Targets
16 analysts cover CAH with an average price target of $233.77 (+2.9% upside). Sentiment is strongly bullish with 6 Strong Buy and 10 Buy ratings, versus only 2 Hold.
Weekly Outlook
Expect consolidation near the $230 resistance with a bullish bias. A confirmed breakout above $229.76 could open the path toward the $240-$250 range. Key support to watch is $212.
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