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It did break through today. Who knows. Long term resistance $36.50?
Back at these levels.. again! - I think we are better lined up to finally break through, this coming week. We are about 6% away from 200MA!
$24.98 currently in premarket. Lets see what happens!
Adam
:)
As of now, if we open at Bid offer, we are going to gap up about 1.5%. -- then we are 8% away from crossing over the 200MA.. That would be a Very Bullish indicator!!
:)
Adam
Resistance at $24.76 currently
Aww we might not hit 7 green in a row. Low volume again. But it's early.. and I'm not shaking!!
Tomorrow will be our 7th GREEN day in a row!!!
:)
Adam
Do you recognize the difference between up and down?
+15%! Great day!
Love seeing the moving average crossover, increased volume, and heavy buying!
Anything can happen over the weekend to change things, but Monday morning should be nice!
Good luck everybody!
:)
I swear I don't know what drugs you're doing, but this stock is not making higher highs and higher lows. It is clearly filling the trend downward.
I'd be much more inclined to buy puts in this stock and unless it breaks through at the very least $23.50, it's going lower.
$thc Key Financial Ratios
Earnings Per Share
-2.24
Price/Earnings
-16.9777
Gross Margin
0.8346
Operating Margin
0.0609
$thc Share Structure
Market Cap Market Cap
1,873,026,776
05/04/2020
Authorized Shares
Not Available
Outstanding Shares
104,288,796
01/31/2020
Restricted
Not Available
GREAT earnings report after hours. After hours trading was very nice.
We got our catalyst.
I THINK if futures keep ascending, it will synergistically increase sentiment / confidence in AM.(Dow future is +150 right now) Im planning for a gap up greater than after market trading today.. reasonably $19.15-$19.20+ open
Here comes a major reversal! Higher lows and and onto our next higher high.
We will NOT BE gaining 50% tomorrow!! I'm sure of that!! - and if we do, I'm OUT!!
??
Adam
I just don't see trying to guess this one right now. Major resistance above
$23. I wouldn't even want to try to guess the direction now.
Revenue is up, EPS will be down. Can THC meet or even Exceed the revised estimates? Would be very nice!!! Earnings call tomorrow will tell a lot. Eager to see some #'s!! THC has a lot of room to run. I expect a good outlook.
https://seekingalpha.com/news/3568050-tenet-healthcare-q1-2020-earnings-preview
Down 13.xx% Friday. Im still green and still patient.
Good volume right before the bell. - w Heavy buying (relative to average daily volume)
Futures are down but have rebounded 150 points so far. Still early but would like to see some overall positive sentiment.
Another $500 bil to be pumped in tomorrow to keep the economy alive.. if it matters.
Wish this group was more active!!!!
:)
Adam
Hit a resistance and failed to break through. Needs to get above $23.50 as a positive indicator. My guess is not this time.
Any predictions for tomorrow for THC?
I think it could have a good morning run of 5-10%+.. if it does retake its most recent high of $22.×× about 2 weeks ago, could keep running a bit more.
Im in no rush to sell.
Ill be watching closely, as always.
-Adam
Well, until the stock hits a price and falls, there IS no resistance by which to judge it, correct?
All I can do is make a pre-determination of where I think a stock will hit resistance, then respond after that I was either right or I was wrong.
You should be thanking me for giving you fair warning.
Lol you chime in when it's down 6.xx%, which is negligible. There is a certain implied volatility w this stock right now. I expect it to gap up tomorrow AM. But we will see. This is Not an overnight play for me - but I don't plan to stay in very long, as this stock should continue to recover quickly. Time will tell!
While I think I was right all along...
Today was a good day! - Still holding!
Im optimistic for Monday!
:)
Adam
Nice gap up in after hours. I think tomorrow will be very Green!!
:)
Adam
Day trading is a sucker's game. Over the years I have known many, many day traders. All bragged they made a ton. All quit doing it "because they got tired of it". Most of the time, their spouses admitted to me they lost a ton of money.
It's like Vegas. No one ever loses, everyone either wins or breaks even...and yet somehow, Vegas keeps their lights on.
BTW, THC got up to $22.09. I may have missed the resistance by a smidge. Current resistance is at $23.29 (to be exact). Stocks DO break through resistance levels, but I think this one goes lower before making it through. JMO, of course.
Nice. I day traded full time about 8-9 years ago for a little under 2 yrs.
I made a buttload off of ATRN before they went Q, as well as some other, smaller, really great plays. Im a smart guy, but there was a lot of luck involved as well!
I walked away from trading.. im glad i did. - and got back into my regular field.
I've been watching a few stocks here and there since then, but I do not actively manage or watch any 401k, IRA, etc.
Until now.. Been watching THC'S decline amidst the Covid19 epidemic.. ----
Right now the Dow Future is up 313 points..
I Wish I had gotten out early this AM at $22, but the day ended up pretty flat.
I'm hoping there is some + momentum w this stock in the AM and I can get out with an extra little gain..
OK, i rambled.. you had said there is major resistance at $23? So far the rebound has been pretty strong.
Volume was still higher than average today.
Looks like there was institutional buying after hours?
Any relevant help / charts / input would be greatly appreciated!!
Thanks,
Adam
Me. I'm a good source for charts and analysis. Been doing it since '93
Thx! I'll take a look. Do you know a good site for charts / analysis? Especially candlestick charts?
LoL no - Harris is a fairly common last name. All I did was make a very good play! - and it was obviously a very Good day for the markets!! I'm still holding..
Seems to have had a strong close very close to HOD.
Again, we will see!
Adam
I notice a Harris Assoc owns just under 6%. Is this you and are you trying to encourage a pump?
I haven't looked at this stock since 5/17. Major resistance at $23 FWIW
this board doesn't appear very active..
Anyone around?
Anyone have current feelings on this stock?
I got in on Friday.. nothing huge. 800 shares.. I am up quite a bit and still holding.
Thx!
Adam :)
News: $THC Tenet to Participate in the Bank of America Merrill Lynch Leveraged Finance Conference
Tenet Healthcare Corporation (NYSE: THC) will participate in the Bank of America Merrill Lynch Leveraged Finance Conference in Boca Raton, Florida on Wednesday, Dec. 4, 2019. Members of senior management will speak at the conference at approximately 8:10 a.m. Eastern time (7:10 a.m. Central t...
Got this from THC - Tenet to Participate in the Bank of America Merrill Lynch Leveraged Finance Conference
Not going near Healthcare, Tenet is looking ugly.
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 earnings or trade and long position. All indicators are negative but if we get a surprise on earnings there is plenty of upside to join any rally in the sector.
So do I. It is on my Level II platform so I glance at it daily and was in a pretty narrow channel for about a month. Saw it up ~9% and dismissed it as not worth chasing. Surprised it kept gaining momentum all day.
Now over-bought and will be interesting to see if it holds.
Now seeing CYH is up about ~9% today -- same sector.
THC
Nope. Now I really wish I was!!
No, are you? It has done really well.
Because of the recent volatility, been concentrating on low cap, low float bios many which don't have active boards. Trying to catch low bid in the am and be out in the pm or shortly thereafter; so haven't been posting much.
THC
You still on this stock?
They obviously have the same motive but different tactic.
Still bid sitting, FWIW:
THC, HCA… 11:19 Battleground: JPMorgan says sell, Citi says buy Tenet Shares of Tenet Healthcare (THC) are sliding after JPMorgan analyst Gary Taylor downgraded the stock to Underweight, a sell-equivalent rating, citing his expectations for a negative impact from tax reform, its high relative balance sheet leverage and structural challenges for the hospital sector. This comes a day after his peer at Citi upgraded Tenet to Buy on a more constructive view of the industry and expectation of some "bounce" in patient volumes. SELL TENET: In a research note to investors this morning, JPMorgan's Taylor downgraded Tenet Healthcare to Underweight from Neutral, with an unchanged price target of $15. The analyst argued that he expects the company to underperform his coverage universe in 2018 due to key factors such as a negative impact from corporate tax reform, high relative leverage, structural challenges for the hospital sector and Tenet's long-term track record of poor free cash flow generation. The interest expense deduction limits in both the House and Senate bills would more than offset the decline in corporate tax rate for Tenet, he contended. BUY TENET: Yesterday, Citi analyst Ralph Giacobbe upgraded Tenet, alongside HCA Healthcare (HCA) and Universal Health (UNH), to Buy as he takes a more constructive view of the hospital space and expects some "bounce" in patient volume in 2018. While acknowledging the existence of structural pressures, he argued that a better volume backdrop in 2018 coupled with lower buyside expectations, depressed sentiment, discounted valuation, and favorable "external" factors - like tax reform and a lower Amazon (AMZN) risk than other sectors - sets up an attractive upside scenario. Further, the analyst told investors he is hopeful Tenet's divestiture plans and cost savings initiative are additional levers that should support and help improve its EBITDA. PRICE ACTION: In late morning, shares of Tenet have dropped over 3% to $14.31.
Read more at:
https://thefly.com/landingPageNews.php?id=2655427
THC
Not going down much. Supposedly (Market Beat), J P Morgan Chase & Co has high impact.
THC
Yea I probably should have locked gains on Monday.
Funny thing was just looking at the chart after the downgrade. Was thinking $13.90 ($13.90 was a former resistance) as a bid. BarChart cheat sheet has $14.10 as the 2nd resistance -- "Pivot Point 2nd Support Point 14.10". Doubt it goes that low but I tend to be conservative about such things.
Aside from technicals, tax plan looms and not sure of impact.
Your thoughts?
THC
Might be a good buying opportunity today. Premarket buys, roughly $85-90k coming in this morning in the 14.40's
I actually wasn't aware of that. Thanks for the info!
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Tenet Healthcare Corporation - THC
Description | An investor-owned health care services company whose subsidiaries and affiliates mainly operates general hospitals and related health care facilities. | |||
Website | www.tenethealth.com | |||
thomas.rice@tenethealth.com | ||||
Address | 13737 Noel Road, , Dallas, TX, US | |||
Telephone | (469) 893-2200 | |||
FAX | (469) 893-8600 | |||
CEO | Trevor Fetter | |||
Employees | 44,620 | |||
Issue Type | CS | |||
Market Cap | $520M | |||
Auditors | DELOITTE & TOUCHE LLP |
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