How the price action of Henry Schein ($HSIC) is used to our Advantage
September 18, 2023, 09:30 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HSIC
- Buy HSIC slightly over 73.95 target 79.91 stop loss @ 73.74 Details
The technical summary data tells us to buy HSIC near 73.95 with an upside target of 79.91. This data also tells us to set a stop loss @ 73.74 to protect against excessive loss in case the stock begins to move against the trade. 73.95 is the first level of support below 74.41 , and by rule, any test of support is a buy signal. In this case, support 73.95 would be being tested, so a buy signal would exist.
- Short HSIC slightly under 79.91, target 73.95, stop loss @ 80.14 Details
The technical summary data is suggesting a short of HSIC as it gets near 79.91 with a downside target of 73.95. We should have a stop loss in place at 80.14though. 79.91 is the first level of resistance above 74.41, and by rule, any test of resistance is a short signal. In this case, if resistance 79.91 is being tested, so a short signal would exist.
Swing Trading Plans for HSIC
- Buy HSIC slightly over 79.91, target 86.08, Stop Loss @ 79.68 Details
If 79.91 begins to break higher, the technical summary data tells us to buy HSIC just slightly over 79.91, with an upside target of 86.08. The data also tells us to set a stop loss @ 79.68 in case the stock turns against the trade. 79.91 is the first level of resistance above 74.41, and by rule, any break above resistance is a buy signal. In this case, 79.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HSIC slightly near 79.91, target 74.38, Stop Loss @ 80.14. Details
The technical summary data is suggesting a short of HSIC if it tests 79.91 with a downside target of 74.38. We should have a stop loss in place at 80.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for HSIC
- Buy HSIC slightly over 75.00, target 79.91, Stop Loss @ 74.83 Details
If 75.00 begins to break higher, the technical summary data tells us to buy HSIC just slightly over 75.00, with an upside target of 79.91. The data also tells us to set a stop loss @ 74.83 in case the stock turns against the trade. 75.00 is the first level of resistance above 74.41, and by rule, any break above resistance is a buy signal. In this case, 75.00, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HSIC slightly near 75.00, target 74.38, Stop Loss @ 75.17. Details
The technical summary data is suggesting a short of HSIC if it tests 75.00 with a downside target of 74.38. We should have a stop loss in place at 75.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.00, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Henry Schein (HSIC) available here: HSIC.
HSIC Ratings for September 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
73.95 |
| P2 |
74.28 |
72.55 |
79.91 |
| P3 |
75.00 |
74.38 |
86.08 |
AI Generated Signals for HSIC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Henry Schein (NASDAQ: HSIC) data table below can help you with price action, and we have more details too. Trading plans for HSIC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HSIC:
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