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| HSIC - Henry Schein, Inc. | Week Ended: 5/5/01 |
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| Price |
37.42 |
P/E Ratio |
28.27 |
52 Week High |
38.54 |
| Last Week |
+ 0.04 |
Earnings Date |
6/05/01 |
52 Week Low |
13.31 |
| Picked At |
38.00 |
Date Picked |
4/22/01 |
Sector |
Healthcare |
| Activity |
| Current |
37.42 |
Open |
35.89 |
Change |
1.15 |
| Low |
35.87 |
High |
37.42 |
Volume |
132,000 |
ZACKS | NEWS | PROFILE | HISTORICAL PRICES | OPTIONS | D-CHART |
| Company Description 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.
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| Play Description 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
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| Update May 1, 2001
Henry Schein ran into some trouble on Tuesday. Shares of HSIC traded to an intra-day low of $34.38 before making a slight recovery late in the session. We were stopped out at $35, so we are dropping HSIC from our “Current Plays” list.
Picked on April 22nd @ $38.00
Profit/Loss = -3.00 (-8%) (Stopped @ Tuesday @ $35.00)
Best Profit = +1.27 (+3%)
April 29, 2001
Henry Schein, Inc. made a nice recovery on Friday thanks to a solid earnings report from UnitedHealth Group (UNP). Shares of HSIC traded to an intra-day high of $38.14 following the news. Volume was on the heavy side, with 560,000 shares changing hands. Unfortunately, volume has been trending lower over the past week and the stock has made three consecutive lower highs on top of lower lows. On the positive side, HSIC was able to close above the 10-dma, keeping the long-term upward trend alive and a positive volume surge could drive the stock to a new 52-week high. For now, support is the 10-dma at $37.60 with stronger support at the April 19th intra-day low of $36. Resistance is the 5-dma at $38.21 and then $39.02, Wednesday’s intra-day high. A bounce off of $37.60 or a move above $38.21 on midday volume of at least 250,000 shares may be possible entry points. We are leaving our stops at $35 to limit potential losses.
Picked on April 22nd @ $38.00
Change since picked +0.04
Stop Loss @ $35.00
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