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Stock Investors Sell Off Shares of Tenet Healthcare, Down 1.4%

Published on Tue, 02/12/2013 - 13:27
By Robert Cotter

Tenet Healthcare (NYSE:THC) is a company whose shares are active, trading 1.4% lower to $39.01. The Dow is up 0.3% to 14,016 and the S&P is currently up 0.2% to 1,520.

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 (NYSE:THC) is currently priced 2.4% above its average consensus analyst price target of $38.08. The stock should find initial support at its 50-day moving average (MA) of $34.21 and further support at its 200-day MA of $24.80.

In the past 52 weeks, shares of Tenet Healthcare have traded between a low of $17.24 and a high of $40.00 and are now at $39.01, which is 126% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.1%.

By Robert Cotter
rcotter@fnno.com

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