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Bullish Moving Average Cross by Tenet Healthcare (THC)

By Amy Schwartz

Today, shares of Tenet Healthcare (NYSE:THC) have advanced above their 10-day MA of $24.55 on a volume of 334K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Tenet Healthcare share prices have been bracketed by a low of $12.25 and a high of $31.84 and are now at $24.99, 104% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has slid 1.5%.

SmarTrend recommended that subscribers consider buying shares of Tenet Healthcare on December 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.39. Since that recommendation, shares of Tenet Healthcare have risen 56.4%. We continue to monitor THC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Tenet Healthcare

Ticker(s): THC