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Tenet Healthcare Corp. Breaks Above 200-Day Moving Average - Bullish for THC

By Market News Video Staff, Tuesday, July 19, 11:30 AM ET
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In trading on Tuesday, shares of Tenet Healthcare Corp. (NYSE:THC) crossed above their 200 day moving average of $6.13, changing hands as high as $6.16 per share. Tenet Healthcare Corp. shares are currently trading up about 1.9% on the day. The chart below shows the one year performance of THC shares, versus its 200 day moving average:

Tenet Healthcare Corp. 200 Day Moving Average Chart

Looking at the chart above, THC's low point in its 52 week range is $3.92 per share, with $7.70 as the 52 week high point — that compares with a last trade of $6.11.

According to the ETF Finder at ETF Channel, THC makes up 2.41% of the Rydex S&P 500 Equal Weight Health Care ETF (AMEX:RYH) which is trading higher by about 0.7% on the day Tuesday.

     See what other ETFs contain THC »
     See what other stocks are held by RYH »

THC operates in the Hospital & Medical Practitioners sector, among companies like UnitedHealth Group Inc (NYSE:UNH) which is down about 2.3% today, and WellPoint Inc (NYSE:WLP) trading lower by about 1.1%. Below is a three month price history chart comparing the stock performance of THC, versus UNH and WLP.

THC,UNH,WLP Relative Performance Chart


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