The Relative Strength (RS) Rating for Tenet Healthcare stock climbed into a higher percentile Wednesday, as it got a lift from 70 to 73.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if Tenet Healthcare stock can continue to rebound and clear that threshold.
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Is Tenet Healthcare Stock A Buy?
Tenet Healthcare stock is working on a consolidation with a 62.55 buy point. See if the stock can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The hospital operator saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -28% to -27%. Revenue rose from -2% to 3%. Keep an eye out for the company's next round of numbers on or around Apr. 25.
Tenet Healthcare stock holds the No. 4 rank among its peers in the Medical-Hospitals industry group. Surgery Partners and Tenet Healthcare are also among the group's highest-rated stocks.
