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SmarTrend Watching for Potential Pullback in Shares of Henry Schein Inc After 2.71% Gain

By Shiri Gupta

Henry Schein Inc (NASDAQ:HSIC) traded in a range yesterday that spanned from a low of $67.26 to a high of $67.96. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $66.92 on volume of 231,000 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 subscribers consider buying shares of Henry Schein Inc on September 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.68. Since that recommendation, shares of Henry Schein Inc have risen 4.3%. We continue to monitor HSIC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Henry Schein Inc have traded between a low of $56.58 and a high of $72.81 and are now at $69.16, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

Keywords: rebounders henry schein inc

Ticker(s): HSIC