Tenet Healthcare had its Relative Strength (RS) Rating upgraded from 78 to 82 Thursday.
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This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
Tenet Healthcare is building a cup without handle with a 171.20 buy point. See if the stock can break out in heavy trade.
Earnings grew 35% last quarter, up from 28% in the prior report. Revenue also increased, from -6% to -3%.
The company earns the No. 2 rank among its peers in the Medical-Hospitals industry group. Nutex Health is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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