BUY! CARDINAL HEALTH INC (CAH) NYSE

  Report No. 1626    Analysis by: Harry Aloof     OCTOBER 22, 2002

CARDINAL HEALTH INC (CAH-NYSE): Technical Viewpoint: From a low of $59.65 on Sep 24, 2002 prices rallied, reaching a high of $66.72 on Sep 27, 2002. A decline saw prices pull back, reaching a low of $60.50 on Oct 10, 2002. Another rally saw prices penetrate resistance, closing 10/21/02 at $69.62. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 21, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $65.50. Resistance: Is at $71.90. Point & Figure: Reversed to the upside on Oct 21, 2002. A P&F upside reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! CARDINAL HEALTH INC (CAH-NYSE) @ $70.13 Stop: Use a protective stop of $67.63. CARDINAL HEALTH INC is currently trading @ $69.62 plus $3.01 on Oct 21, 2002. Price Objective: $87.00. Risk/Reward: $2.50 VS. $16.88. Today's Risk Reward Ratio: 7:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$87.00 Risk/Reward:
$2.50 VS. $16.88 Risk/Reward Ratio:
7:1
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