Tenet Healthcare Corp is a health care services company which owns and operates acute care hospitals, surgery centers, diagnostic imaging centers and urgent care facilities in the U.S.A. Earnings are due Monday the 29th and it is anticipated that they will disappoint, added to that the fear around the Medicare for all bill it would be irrational to hold this into...
$THC Tenet Health - Possible inverse head and shoulders formed on the hourly. Will monitor for a break above $18.00 resistance. Targeting $21.25 gap-fill (from mid-December) by mid to late January.
Additionally, there has been some unusual bullish options activity today with around 43k Jan'2020 $20.00/$25.00 strike call options traded today for a total premium...
So here it goes, my first publish ever in the history of my brief life, on anything. I'm simply posting because I want to document my trades so I can improve them as time goes on.
I look for stocks whose earnings momentum carries them higher. Looking for sustained buying/selling programs and earnings surprises to the upside. I don't play the downside.
In THC's...
Are we about to break a long term bearish trend? I like the support area and the potential break of that long term downtrend being broke here. Looks like a bullish swing trade to me.
Gap and Go today on Earnings. Due to the size and location of the gap, I want it to pull back in to the 50 and then bounce. You could also play it more aggressively off the 100 EMA if you're watching the Hourly and it bounces off an EMA on that time frame as well.
Trendline breakout, and price is moving into an initial uptrend position. Monitor for a breakout above US$19.35.
Target will be located around US$20.40-21.60.
Support will be pegged around US$18.39.
Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company's segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2017, its subsidiaries operated 76 hospitals, including two children's hospitals, two specialty hospitals and one critical access hospital. The Company's Ambulatory Care segment is engaged in the operations of its USPI joint venture facilities. As of August 20, 2018, Conifer provided one or more of the business process services described above from 20 service centers to more than 800 Tenet and non-Tenet hospital and other clients in over 40 states. As of December 31, 2017, the Company operated 20 short-stay surgical hospitals, and over 470 outpatient centers.
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THC
