Shares of Tenet Healthcare (NYSE:THC) have bearishly opened below the pivot of $32.55 today and have reached the first support level of $32.04. Should the shares continue to fall, the support pivots of $31.76 and $30.97 will be of interest.
Tenet Healthcare share prices have moved between a 52-week high of $33.86 and a 52-week low of $17.24 and are now trading 87% above that low price at $32.27 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%.
Based on a current price of $32.27, Tenet Healthcare is currently 11.6% above its average consensus analyst price target of $28.54. The stock should find initial support at its 50-day moving average (MA) of $27.44 and further support at its 200-day MA of $22.48.
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.