Tenet Healthcare Corp (NYSE:THC)
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The Company operates in one line of business-the provision of health care services, primarily through the operation of general hospitals which are conducted through its subsidiaries.
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I agree with Doug Kass here
After a two-month period of improving breadth and an advance that approached 38%, it appears that the upward momentum of the market is finally being tested. Typically, overbought markets are corrected in brief order, and four to five weeks seems to be the historical precedent.
This may still be the case, but I am beginning to view the possibility of a sideways correction, in which market sectors "recycle" within the context of only a modest move lower in the market indices.
That being the case I am betting 'gasp' the Bear will run 8-10 days and/or we see a 2 weeks sideways trend and/or lower possibly to the 50 Day MACD line and/or close or just below 900
We will be Bullish by July 4
Mark my words