Beginning DeclineWe could not built new highs but fell through the rising trend line and the rising MA.
In an overbought status this may seen as sell signal.
THC trade ideas
Quarterly SupportWe have reached a multiple times confirmed support. It was a top of a range in July having created a spike over a window then. Itwas the August bottom.
Nor it has been reached again to where it spiked down with an open window.
It may be an exhaustion at least for a short time.
potential upthis stock has at least 2 consecutive quarters > 10% surprise and > 100% YoY, potential up, publish idea for my own review in the future
⚕️ Tenet Healthcare (THC): Positive Outlook in 2024! 🏥📈📊 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 Sentiment:
Entry Range: Suggested entry above the $77.00-$78.00 range.
Upside Target: Aiming for an upside in the $145.00-$147.00 range.
🌐 Note: Monitor THC's performance in line with its outlined strategies and financial results! 📊💹 #THC #HealthcareOutlook #BullishSentiment 🏥📈
Tenet Healthcare to Sell Three South Carolina HospitalsTenet 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 in Beaufort County, East Cooper Medical Center in Charleston County, affiliated physician practices and other related hospital operations. Tenet’s ambulatory facilities operated by United Surgical Partners International (USPI) in these markets will remain with Tenet.
Under the purchase agreement, Tenet's Conifer Health Solutions subsidiary will enter into a new and expanded fifteen-year contract to provide revenue cycle management services for the South Carolina hospitals and related operations.
Furthermore, Novant Health and USPI will be enhancing their ambulatory surgery partnership to increase access to high-quality, ambulatory surgical services for communities across the Carolinas.
For the last 12 months ended September 30, 2023, the three hospitals and related operations included in the sale generated revenues of approximately $552 million, pre-tax income of approximately $126 million and Adjusted EBITDA of approximately $150 million, excluding interest expense of approximately $1 million, litigation and investigation costs of approximately $3 million, and depreciation and amortization expense of approximately $20 million. The Company estimates recording a pre-tax book gain of approximately $1.6 billion as a result of this anticipated transaction. Tenet anticipates utilizing the proceeds from the transaction primarily for debt retirement.
The transaction is expected to be completed in the first quarter of 2024, subject to customary regulatory approvals, clearances, and closing conditions.
Technical Analysist
Price Momentum
THC is trading in the middle of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some downward momentum.
THC's Downtrend May Be EndingTHC 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.
THC ,,, Watching 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.
THC set for a push upGreat history of EPS and Revenue beats. EV/EBITDA 7x looks very attractive. Pick-up in the stock demand speaks for higher prices.
THC Tenet Healthcare Options Ahead of EarningsLooking 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.
RectangleEarnings 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 offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb-salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging, and telemedicine access services. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, patient communications and engagement support, and value-based care solutions to hospitals, health systems, physician practices, employers, and other customers. As of February 09, 2022, the company operated 60 hospitals; and approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and other care sites and clinics. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.
THC (Tenet Healthcare Corp) 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 to hold for a few months.
$THC Bull Flag Breakout SetupI like $THC here. Pulled back in a flag pattern on very low volume. Broke flag today.
TENET HEALTHCARE CORP Opportunity Daily
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 is on the middle of the median.
Please LIKE & FOLLOW, thank you!
$THC 3 Month #HeadandShoulders Continuation #ChartPatternNYSE: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.
Pullback to a double bottomIf this bounces off of the 20 ema, this double bottom will be a good entry for a nice little swing.
$THC 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.
$THC Inverse H&S - Bullish Unusual Options Activity$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 of over $14M.
Note: Informational analysis, not investment advice.
