• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Henry Schein Inc After 13.19% Gain

By Amy Schwartz

Henry Schein Inc (NASDAQ:HSIC) traded in a range yesterday that spanned from a low of $49.65 to a high of $53.73. Yesterday, the shares gained 13.2%, which took the trading range above the 3-day high of $50.74 on volume of 5.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Henry Schein Inc on February 24th, 2020 by issuing a Downtrend alert when the shares were trading at $67.06. Since that call, shares of Henry Schein Inc have fallen 25.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Henry Schein Inc share prices have been bracketed by a low of $41.85 and a high of $73.99 and are now at $59.84, 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.5%.

Keywords: rebounders henry schein inc

Ticker(s): HSIC