There are two things that immediately come to mind about our Tenet Healthcare (THC) stock pick (so far). The first is, it’s been profitable. The second thing is, it’s been one wild ride. The ups and downs have been wide enough to make a sailor seasick. Good news though….I think one more good runup like the last couple could get us to our target price of $7.67, and lock down an 89% gain.

Here’s my thinking….see the bullish ‘zone’ framed by a support and resistance line? We’re revisiting the support line right now, after an encounter with the resistance line in late April/early May. If you extend those out and ‘eyeball’ where THC is likely to be the next time that upper ceiling is met, that’s right around that level.

You can also see that’s a key resistance area from early 2007. No since in tempting fate beyond that point.

If the chart does indeed play out like that, it should happen sometime in late July.

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