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PLAY > New Plays Tuesday, April 17, 2001
New Split Plays   New Candidate Plays   New Momentum Plays
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Plays

None

New Candidate Plays

THC - Tenet Healthcare Corp $46.98 +0.03 (+1.42)

Tenet Healthcare, which owns and/or operates 110 hospitals across the country, has been on the move ever since it reported excellent earnings on April 4th. The company beat Wall Street's consensus estimates of $0.58 by two pennies. Third quarter earnings were 24% above the same quarter a year ago. Although the current P/E of 39.15 is pretty healthy, the stock, nevertheless, offers growth investors one of the few opportunities for investment in this market. Consequently, these investors have driven THC to a new high of $47.75 today. A split announcement also becomes more likely as the stock plows into un-chartered territory. OBV and Money Flow are both on the rise, as momentum buying appears to be in full force. One possible concern is the RSI, which is close to a level that has previously sparked a little profit taking. A move above $47.75 tomorrow, accompanied by first hour trading volume over 250,000 shares, may provide the next buying opportunity.


Picked on April 17th @ $46.98
Profit/Loss +0.00
Stop Loss $43.88
 
Interactive Chart Quote News First Call on THC
 

New Momentum Plays

None

New Plays Index

 


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