Henry Schein, Inc. is a distributor of healthcare products & services to office-based healthcare practitionersin North America and Europe. The Company%s products include dental, medical and veterinary items. For the FY ended 12/30/00, net sales rose 4% to $2.38B. Net income rose 13% to $56.7M. Results reflect increased sales of dental merchandise and equipment, improved operating margins and reduced merger and integration costs.

April 22, 2001

Henry Schein, Inc. provides a wide range of healthcare products and services to dental laboratories, physician practices, veterinary clinics, and healthcare institutions in North America, Australia, and Europe. HSIC is coming out of a large cup and handle formation that started back in July of 1999. More recently, the stock took out major resistance at $36 on March 29th after consolidating in the $28-$34 range for three months (the handle). The stock quickly pulled back to the 100-dma only to bounce back to a new 52-week high of $38.40 on Friday. We believe that the stock may be ready to possibly breakout to new highs as we approach the earnings release in early May. Going forward, HSIC has support at the 5-dma, currently at $37, with additional support at $36.36, the 10-dma. There is resistance at Friday’s intra-day high of $38.40 and then the 1/22/99 intra-day low of $40. Traders may consider entry points on a bounce off of $37 or a move above $38.40 on volume of at least 250,000 shares by noon. We plan to set stops at $35 to limit potential losses.

Picked on April 22nd @ $38.00
Change since picked +0.00
Stop Loss @ $35.00

April 26, 2001

Henry Schein, Inc. sold off on a round of profit taking after hitting a 52-week high two days ago. On Thursday, shares of HSIC closed at its intra-day low of $37.46 on light volume of 205,000 shares. HSIC closed below its 5-dma for the first time since April 18th and the stock has lost some of its momentum over the past two sessions. However, the long-term trend remains healthy so HSIC may be able to hold the upward trend as we move closer to the earnings release, expected on May 1st (unconfirmed). Going forward, support is the 10-dma at $37.32 with additional support at the April 19th intra-day low of $36. Resistance has fallen to the 5-dma at $38.20 and then $39.02, Wednesday’s intra-day high. Look for entry points on a bounce off of $37.32 or a move above $38.20 on volume greater than 250,000 shares by noon. We are keeping our stops at $35 as downside protection.

Picked on April 22nd @ $38.00
Change since picked –0.54
Stop Loss @ $35.00

April 24, 2001

Henry Schein is gaining momentum on positive news from the healthcare providers. On Tuesday, shares of HSIC hit a new 52-week high of $39.27 before pulling back to a close of $38.78 on volume of 516,000 shares. HSIC has made three consecutive higher highs coupled with higher lows, so the stock may be able to hold its upward trend into the earnings release expected on May 1st (unconfirmed). For now, the stock has support at Tuesday’s intra-day low of $38.37 with stronger support at $37.83, the 5-dma. Resistance has moved up to the 1/22/99 intra-day low of $40 and then $41.25, the 2/4/99 intra-day low. A bounce off of $38.37 or a move above $40 on midday volume greater than 250,000 shares may be possible entry points. We are leaving our stops at $35 as downside protection.

Picked on April 22nd @ $38.00
Change since picked +0.78
Stop Loss @ $35.00