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Henry Schein Set to Possibly Pullback After Yesterday's Rally of 1.51%

By Shiri Gupta

Henry Schein (NASDAQ:HSIC) traded in a range yesterday that spanned from a low of $174.34 to a high of $177.22. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $176.99 on volume of 219,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Henry Schein have traded between a low of $126.17 and a high of $183.00 and are now at $176.93, which is 40% above that low price. The 200-day and 50-day moving averages have moved 0.27% higher and 0.08% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Henry Schein on January 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $159.29. Since that recommendation, shares of Henry Schein have risen 9.6%. We continue to monitor HSIC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders henry schein

Ticker(s): HSIC