Recommend adding Cardinal Health to your watch list - $64 Target

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This is more of investment logic than trading logic. I was keeping an eye on Cardinal to see if this Inverted H&D would play out, and it did not. Will be watching to see where it finds support - I am expecting it will be off the 20dma. If we see a nice morning star, or bullish hammer I will be looking to build a long from that point. I am keeping an eye on the weekly TF, not the daily as the reason I want to be in CAH is for the cheap value and 3.55% Dividend.

Market Cap 15.96B
Income -4158M
Sales 153.59B
Book/sh 4.12
Forward P/E 9.90 (Very inexpensive)
P/FCF 12.46 (Bullish)
Debt/Eq 6.04
EPS this Y +308%
Sales Q/Q +11.2%
EPS Q/Q +20.3%
Earnings Aug 6th
Gross Margin +4.5%
ROE -176.4% (Very bearish)
Profit MArgin -2.7%
Short Float 1.75%

Long term Target will be $64

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