Tenet Healthcare Moving Average Crossover Alert

Posted on 03/13/2012 by Peter Mankowitz

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NEW YORK (AVAFIN) -- Shares of Tenet Healthcare crossed above the 50-day moving average indicating a likely bullish trend. Recent trading activity signals that the shares may continue to head higher in the foreseeable future as long as the stock price remains above the moving average line. THC shares rose 0.19% percent to $5.38 on Tuesday with volume at 7.04M.

Moving averages serve as a dependable source of information that traders often rely in order to make better informed investment decisions. Moving averages should be used in conjunction with other indicators in order to properly confirm trends and entry/exit signals. For example, when analyzing the recent stock price of $5.38 per share, based on the pivot points the current support and resistance levels are in the $5.29 - $5.51 range.

The mean analyst rating for the stock is hold. Performance indicators show that the stock has gained 1.30% within the last week.

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