• Return to Headlines

Tenet Healthcare Down 23.4% Since SmarTrend Downtrend Call (THC)

By David Diaz

SmarTrend identified a Downtrend for Tenet Healthcare (NYSE:THC) on April 16th, 2019 at $27.46. In approximately 2 months, Tenet Healthcare has returned 23.38% as of today's recent price of $21.04.

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 $21.04, which is 27% above that low price. The 200-day and 50-day moving averages have moved 0.91% lower and 2.74% lower over the past week, respectively.

Tenet Healthcare Corporation, through its subsidiaries, owns or operates general hospitals and related health care facilities serving communities in the United States. The Company operates rehabilitation hospitals, specialty hospitals, long-term care facilities, psychiatric facilities, and medical office buildings near its general hospitals, as well as ancillary health care businesses.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Tenet Healthcare.

Log in and add Tenet Healthcare (THC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Tenet Healthcare

Ticker(s): THC