📊 Analysis:
Positive Outlook: NYSE:THC anticipates continued organic volume growth, strong patient acuity, and effective cost management in 2024.
Strategic Move: Alleviated long-term debt by selling three hospitals in South Carolina for $2.4 billion in cash.
Financial Performance: Strong finish to the year with an attractive adjusted EBITDA margin.
📈 Bullish...
Tenet Healthcare Corporation (NYSE: THC) has entered into a definitive agreement with Novant Health for the sale of three Tenet hospitals and related operations in South Carolina for approximately $2.4 billion in cash (after-tax proceeds of approximately $1.750 billion).
The transaction will include Coastal Carolina Hospital in Jasper County, Hilton Head Hospital...
THC is just above 100 EMA. RSI is 35. According to Squeeze Momentum indicator, bearish momentum is slowing down. In the past, THC has bounced from about 30 RSI. The likely scenario this time is that it may reach 70 and then start its movement upwards.
Uptrend
It was a good corrective wave inside an uptrend and i suppose after passing of 75 , it can be a good buying opportunity by setting a SL at about 66.
Looking at the THC Tenet Healthcare options chain ahead of earnings , I would buy the $60 strike price Calls with
2023-2-17 expiration date for about
$1.10 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Earnings 10-20 AMC.
Neutral pattern until broken.
No recommendation.
EPS (FWD)
6.27
PE (FWD)
8.23
Div Rate (TTM)
-
Short Interest
3.76%
Market Cap
$5.72B
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals...
Like the look of this THC chart. Healthcare has been a "buzz" sector and I think it will really pick up steam after the election. The green horizontal lines indicate 1M/3M areas of resistance, the light blue line weekly level. Trying to do more following of price action on this one rather than attempting to be too predictive. I am long as of now with the intention...
Hello traders, TENET HEALTHCARE CORP is in a bullish dynamic with low buy volume issued and or hammer candle shape. TIMEFRAME M1 shows a bullish continuation, it is about to break a comfort zone. Great likelihood of going to the next high then passing the next two resistances (See TIMEFRAME H4). And if the buyers are there, go to the top after, to test it which...
NYSE:THC is forming a 3 month continuation head and shoulders pattern with $30.25 acting as strong neckline resistance that has been tested multiple times. A clear daily close above that resistance level will confirm the pattern and trigger a long entry with price target up to around $39 price level which also happens to be the 52 week high.
