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Bullish Moving Average Cross by Tenet Healthcare (THC)

By Shiri Gupta

Today, shares of Tenet Healthcare (NYSE:THC) have crossed bullishly above their 10-day moving average of $32.12 on a volume of 537K 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, shares of Tenet Healthcare have traded between a low of $21.39 and a high of $60.93 and are now at $32.56, which is 52% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 1.2%.

SmarTrend recommended that subscribers consider buying shares of Tenet Healthcare on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.27. Since that recommendation, shares of Tenet Healthcare have risen 17.2%. 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