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Tenet Healthcare Crosses Above its 10-day MA (THC)

By Shiri Gupta

Today, shares of Tenet Healthcare (NYSE:THC) have crossed bullishly above their 10-day moving average of $13.77 on a volume of 3.7 million shares. This may provide short-term investors a chance 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 $12.54 and are now trading 12% above that low price at $14.08 per share. The 200-day and 50-day moving averages have moved 1.53% lower and 1.93% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Tenet Healthcare on July 31st, 2017 by issuing a Downtrend alert when the shares were trading at $17.55. Since that call, shares of Tenet Healthcare have fallen 27.9%. 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