Tenet Healthcare's most recent trend suggests a bearish bias. One trading opportunity on Tenet Healthcare is a Bear Call Spread using a strike $32.50 short call and a strike $37.50 long call offers a potential 20.48% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $32.50 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $37.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Tenet Healthcare is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Tenet Healthcare is bearish.
The RSI indicator is at 34.1 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Tenet Healthcare
Billionaire Investor Says These Five Healthcare Stocks Have a Lot of Upside Potential
Wed, 28 Oct 2015 13:20:37 GMT
Biotech and Healthcare Services End Up at Bottom of SPY
Tue, 27 Oct 2015 12:07:02 GMT
[$$] Hospital Stocks Can Rally Amid Health-Care Slump
Mon, 26 Oct 2015 20:46:00 GMT
IHF Fell 5% for the Week Ending October 23
Mon, 26 Oct 2015 13:41:40 GMT
Strength Seen in Tenet Healthcare (THC): Stock Jumps 6.2%
Mon, 26 Oct 2015 12:35:12 GMT
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