SmarTrend Watching for Potential Pullback in Shares of Henry Schein After 1.44% Gain
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[February 14, 2012]

SmarTrend Watching for Potential Pullback in Shares of Henry Schein After 1.44% Gain

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Henry Schein (NASDAQ:HSIC) traded in a range yesterday that spanned from a low of $71.32 to a high of $73.15. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $72.56 on volume of 653,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


Over the past year, Henry Schein has traded in a range of $58.50 to $74.98 and is now at $73.15, 25% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Henry Schein on January 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.02. Since that recommendation, shares of Henry Schein have risen 9.2%. We continue to monitor HSIC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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