Tenet Healthcare Bearish Moving Average Crossover Alert (THC)
Today, shares of Tenet Healthcare (NYSE:THC) have crossed bearishly below their 10-day moving average of $27.72 on a volume of 381K 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 $26.44, 24% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 1.9%.
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