Watch for Continued Gains in Shares of Tenet Healthcare (THC)

Published on Fri, 02/08/2013 - 15:23
By Adrienne Chilton in 52 Week high-lows, THC, 52 week high/lows, nyse:thc, tenet healthcare

Shares of Tenet Healthcare (NYSE:THC) traded today at $40.00, breaking its 52-week high. So far today approximately 568,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.

Tenet Healthcare (NYSE:THC) is currently priced 4.4% above its average consensus analyst price target of $38.08. The stock should discover initial support at its 50-day moving average (MA) of $33.74 and subsequent support at its 200-day MA of $24.62.

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.

Tenet Healthcare share prices have moved between a 52-week high of $40.00 and a 52-week low of $17.24 and are now trading 131% above that low price at $39.83 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.7% while the 200-day MA has risen 1.4%.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Wyndham Worldwide (NYSE:WYN) traded at a new 52-week high today of $78.98. So far toda ...

Whiting Petroleum Looks to Continue to T...

Shares of Whiting Petroleum (NYSE:WLL) traded today at $91.00, breaking its 52-week hig ...

Weatherford International: 52-Week High ...

Weatherford International (NYSE:WFT) traded at a new 52-week high today of $24.88. So ...

Watch for Continued Gains in Shares of W...

Shares of Wabtec (NYSE:WAB) traded today at $85.18, breaking its 52-week high. This ne ...

Watch for Continued Gains in Shares of V...

Shares of Vanguard Natural Resources (NYSE:VNR) traded today at $33.04, breaking its 52 ...

VASCO Data Security International: The W...

VASCO Data Security International (NASDAQ:VDSI) traded at a new 52-week high today of $ ...

Shares of Universal Health Services Have...

Shares of Universal Health Services (NYSE:UHS) traded at a new 52-week high today of $9 ...

Shares of UDR Have Risen Above Previous ...

Shares of UDR (NYSE:UDR) traded today at $28.95, breaking its 52-week high. So far tod ...