Tenet Healthcare Corp (THC): Price Now Near $60.97; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for THC

At the time of this writing, THC (Get Ratings)’s price is down $-0.23 (-0.38%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Healthcare stocks, THC ranks 7th in regards to today’s price percentage change.

THC’s Technical Outlook on the Daily Chart

At the time of this writing, THC’s price is up $1.72 (2.9%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as THC has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows THC’s price action over the past 90 days.

THC

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