After Plunging -16.78% in 4 Weeks, Here's Why the Trend Might Reverse for Tenet (THC)
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Tenet Healthcare (THC) has experienced a significant decline of 16.78% over the past four weeks. However, the stock is now in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal.
December 13, 2024 | 3:45 pm
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Tenet Healthcare (THC) has seen a 16.78% decline in its stock price over the last four weeks. The stock is now considered oversold, and analysts are revising earnings estimates upwards, indicating a potential reversal in the stock's trend.
The stock's significant decline has led it into oversold territory, a technical indicator that often precedes a price rebound. Additionally, the upward revision of earnings estimates by analysts suggests improved future performance, supporting the likelihood of a trend reversal.
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