After Plunging -16.78% in 4 Weeks, Here's Why the Trend Might Reverse for Tenet (THC)

Tenet Healthcare (THC) has been on a downward spiral lately with significant selling pressure. After declining 16.8% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a st ...