Tenet Healthcare saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 72.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of at least 80 as they launch their largest climbs. See if Tenet Healthcare can continue to show renewed price strength and hit that benchmark.
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While it's not currently an ideal time to invest, see if the stock is able to establish and enter a buying range in heavy volume.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 103%, compared to 60% in the prior report. Revenue increased from 0% to 1%. Keep an eye out for the company's next round of numbers on or around Feb. 6.
The company earns the No. 1 rank among its peers in the Medical-Hospitals industry group. Select Medical Holdings and Nutex Health are also among the group's highest-rated stocks.
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