TMCnet News
Upgrade Alert for Tenet Healthcare (THC)Jan 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Tenet Healthcare (NYSE:THC) was upgraded from In-Line to Outperform at Imperial Capital today. The stock closed yesterday at $34.29 on volume of 2.6 million shares, above average daily volume of 2.0 million. 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. In the past 52 weeks, Tenet Healthcare share prices have been bracketed by a low of $17.24 and a high of $34.45 and closed yesterday at $34.28, 99% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 0.7%. Tenet Healthcare (NYSE:THC) is currently priced 14.2% above its average consensus analyst price target of $29.43. The stock should find initial support at its 50-day moving average (MA) of $28.30 and further support at its 200-day MA of $22.74. SmarTrend recommended that subscribers consider buying shares of Tenet Healthcare on November 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.35. Since that recommendation, shares of Tenet Healthcare have risen 35.3%. We continue to monitor THC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |