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TENET HEALTHCARE CP
(THC-NYSE):
Technical Viewpoint: From a low
of $34 1/2 on Sep 21, 2000 prices
rallied, reaching a
high of $39 3/8
on Oct 6, 2000. A
decline saw prices pull back, reaching a
low of
$37.69 on Oct 9, 2000.
Another rally saw prices penetrate
resistance, closing 10/11/00
at $40.06. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Oct 11, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $37 1/2. Resistance: Is at $40 1/2.
Point & Figure: Reversed to the upside on Sep 29, 2000. A P&F upside
reversal takes place at $37 1/2. Summary: Technical indicators have turned bullish. BUY! TENET HEALTHCARE CP
(THC-NYSE) @ $40 1/8 Stop: Use a protective stop of $37 5/8.
TENET HEALTHCARE CP is currently trading @ $40.06 plus $1.62 on Oct 11, 2000. Price Objective:
$49 1/2. Risk/Reward: $2 1/2 VS. $9 3/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49 1/2
Risk/Reward:
$2 1/2 VS. $9 3/8
Risk/Reward Ratio:
4:1
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