Tenet Healthcare (THC) Offering Possible 8.7% Return Over the Next 7 Calendar Days

Tenet Healthcare's most recent trend suggests a bullish bias. One trading opportunity on Tenet Healthcare is a Bull Put Spread using a strike $58.50 short put and a strike $53.50 long put offers a potential 8.7% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $58.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $53.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Tenet Healthcare is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Tenet Healthcare is bullish.

The RSI indicator is at 70.82 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Tenet Healthcare

U.S. proposes bundling some Medicare knee, hip replacement payments
Thu, 09 Jul 2015 22:49:44 GMT
Reuters – The U.S. agency that runs federally funded health insurance programs has proposed restructuring payments for hip and knee replacement surgeries, some of the most common surgeries received by patients covered by the plans. The Centers for Medicare and Medicaid Services (CMS) invited providers on Thursday to comment on a proposal that would hold hospitals in 75 geographic areas accountable for the quality of care they deliver to Medicare fee-for-service beneficiaries for hip and knee replacements from surgery through recovery. The targeted areas include over 800 hospitals, ranging from major cities like New York and Los Angeles, to smaller areas such as Lubbock, Texas, and Flint, Michigan, said CMS Chief Medical Officer Patrick Conway.

Business Highlights
Thu, 09 Jul 2015 22:16:05 GMT
AP – ___ Greek government offers sweeping proposal to creditors Greece finally met a deadline that counted on Thursday and made a series of sweeping proposals that its creditors needed by midnight to set off …

Tenet Healthcare (THC) Stock: Moving Average Crossover Alert – Tale of the Tape
Thu, 09 Jul 2015 14:19:02 GMT

How Tenet Healthcare (THC) Stock Stands Out in a Strong Industry – Tale of the Tape
Thu, 09 Jul 2015 12:48:12 GMT

TENET HEALTHCARE CORP Files SEC form 8-K/A, Financial Statements and Exhibits
Thu, 09 Jul 2015 10:02:51 GMT

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