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Stock Investors Bid Up Shares of Tenet Healthcare, Up 1.4%

Published on Thu, 03/14/2013 - 10:23
By Peter Chu

Tenet Healthcare (NYSE:THC) is a company whose shares are active, trading 1.4% higher to $44.78. The S&P is currently trading 0.4% higher to 1,560 and the Dow Jones Industrial Average is trading 0.4% higher to 14,514.

Tenet Healthcare (NYSE:THC) is currently priced 4.7% above its average consensus analyst price target of $42.67. Tenet Healthcare shares have support at the 50-day moving average (MA) of $38.24 and additional support at the 200-day MA of $26.93.

Over the past year, Tenet Healthcare has traded in a range of $17.24 to $44.89 and is now at $44.78, 160% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 1.9%.

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.

By Peter Chu