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Tenet Healthcare Bullish Moving Average Crossover Alert (THC)

By James Quinn

Tenet Healthcare (NYSE:THC) shares have crossed bullishly above their 10-day moving average of $23.89 on a volume of 224K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Tenet Healthcare share prices have moved between a 52-week high of $60.93 and a 52-week low of $21.39 and are now trading 13% above that low price at $24.13 per share. 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 recommended that its subscribers protect gains by selling shares of Tenet Healthcare on August 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $27.01. Since that call, shares of Tenet Healthcare have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Tenet Healthcare

Ticker(s): THC