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TENET HEALTHCARE CP
(THC-NYSE):
Technical Viewpoint: From a low
of $57.64 on Jan 2, 2002 prices
rallied, reaching a
high of $66.40
on Jan 16, 2002. A
decline saw prices pull back, reaching a
low of
$61.61 on Jan 30, 2002.
Another rally saw prices penetrate
resistance, closing 2/5/02
at $64.85. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 4, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.25. Resistance: Is at $66.40.
Point & Figure: Reversed to the upside on Feb 5, 2002. A P&F upside
reversal takes place at $62.15. Summary: Technical indicators have turned bullish. BUY! TENET HEALTHCARE CP
(THC-NYSE) @ $65.25 Stop: Use a protective stop of $62.75.
TENET HEALTHCARE CP is currently trading @ $64.85 plus $1.86 on Feb 5, 2002. Price Objective:
$80.00. Risk/Reward: $2.50 VS. $14.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$80.00
Risk/Reward:
$2.50 VS. $14.75
Risk/Reward Ratio:
6:1
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