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Bearish Moving Average Cross by Tenet Healthcare (THC)

By Amy Schwartz

Tenet Healthcare (NYSE:THC) shares have crossed bearishly below their 10-day moving average of $27.57 on a volume of 254K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Tenet Healthcare share prices have been bracketed by a low of $21.39 and a high of $60.93 and are now at $26.76, 25% above that low price. The 200-day and 50-day moving averages have moved 1.53% lower and 1.93% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Tenet Healthcare and will alert subscribers who have THC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Tenet Healthcare

Ticker(s): THC