Tenet Healthcare Corporation(THC) has rising momentum with an uptrend

(28-Mar-2008) (28-Mar-2008) Tenet Healthcare Corporation(THC) closed at 5.3, up 0.04 or 0.76 % for the day. Based on our analysis, Tenet Healthcare Corporation(THC) has rising momentum with an uptrend.

The closing price of Tenet Healthcare Corporation(THC) is above its 50 day moving average of 4.69 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Tenet Healthcare Corporation(THC) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 25-Feb-2008, about 24 trading days ago.