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Tenet Healthcare Bullish Moving Average Crossover Alert (THC)

By James Quinn

Today, shares of Tenet Healthcare (NYSE:THC) have crossed bullishly above their 10-day moving average of $23.57 on a volume of 930K shares. Swing traders may find 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 $31.84 and a 52-week low of $12.25 and are now trading 95% above that low price at $23.85 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 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 49.1%. 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