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Tenet Healthcare Bearish Moving Average Crossover Alert (THC)

By Amy Schwartz

Tenet Healthcare (NYSE:THC) shares have crossed bearishly below their 10-day moving average of $24.06 on a volume of 655K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Tenet Healthcare share prices have moved between a 52-week high of $31.84 and a 52-week low of $12.25 and are now trading 90% above that low price at $23.32 per share. 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 59.0%. 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