When building your watch list, look for stocks with an 80 or higher RS Rating. Tenet Healthcare just met that criteria with a new score of 81.
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IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their biggest runs.
Tenet Healthcare is building a cup without handle with a 171.20 buy point. See if the stock can break out in volume at least 40% above average.
Tenet Healthcare saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 28% to 35%. Revenue rose from -6% to -3%.
Tenet Healthcare holds the No. 2 rank among its peers in the Medical-Hospitals industry group. Nutex Health is the top-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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