• Return to Headlines

Possible Trend Reversal, Tenet Healthcare Down on Heavy Volume (THC)

By James Quinn

Tenet Healthcare shares are trading on heavy volume today, having fallen 11.7% to $22.60. Today's volume of 1.4 million shares tops the average 30-day volume of 1.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

In the past 52 weeks, shares of Tenet Healthcare have traded between a low of $16.61 and a high of $39.74 and are now at $22.60, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.

Keywords: unusual volume Tenet Healthcare

Ticker(s): THC