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Henry Schein HSIC Trading Report

Trading or Investing in Henry Schein (NASDAQ: HSIC) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HSIC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HSIC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HSIC too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for HSIC
  • Buy HSIC slightly over 69.79 target 77.20 stop loss @ 69.59 Details
  • The technical summary data tells us to buy HSIC near 69.79 with an upside target of 77.20. This data also tells us to set a stop loss @ 69.59 to protect against excessive loss in case the stock begins to move against the trade. 69.79 is the first level of support below 70.31 , and by rule, any test of support is a buy signal. In this case, support 69.79 would be being tested, so a buy signal would exist.

  • Short HSIC slightly under 77.20, target 69.79, stop loss @ 77.42 Details
  • The technical summary data is suggesting a short of HSIC as it gets near 77.20 with a downside target of 69.79. We should have a stop loss in place at 77.42though. 77.20 is the first level of resistance above 70.31, and by rule, any test of resistance is a short signal. In this case, if resistance 77.20 is being tested, so a short signal would exist.

Swing Trading Plans for HSIC
  • Buy HSIC slightly over 77.20, target 84.63, Stop Loss @ 76.98 Details
  • If 77.20 begins to break higher, the technical summary data tells us to buy HSIC just slightly over 77.20, with an upside target of 84.63. The data also tells us to set a stop loss @ 76.98 in case the stock turns against the trade. 77.20 is the first level of resistance above 70.31, and by rule, any break above resistance is a buy signal. In this case, 77.20, 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 77.20, target 69.79, Stop Loss @ 77.42. Details
  • The technical summary data is suggesting a short of HSIC if it tests 77.20 with a downside target of 69.79. We should have a stop loss in place at 77.42 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, 77.20, 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 77.20, target 84.63, Stop Loss @ 77.02 Details
  • If 77.20 begins to break higher, the technical summary data tells us to buy HSIC just slightly over 77.20, with an upside target of 84.63. The data also tells us to set a stop loss @ 77.02 in case the stock turns against the trade. 77.20 is the first level of resistance above 70.31, and by rule, any break above resistance is a buy signal. In this case, 77.20, 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 77.20, target 69.84, Stop Loss @ 77.38. Details
  • The technical summary data is suggesting a short of HSIC if it tests 77.20 with a downside target of 69.84. We should have a stop loss in place at 77.38 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, 77.20, 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.

HSIC Ratings for October 25:

Term →Near Mid Long
Rating Strong Weak Neutral
P1 0 0 69.79
P2 68.06 66.99 77.20
P3 69.84 69.46 84.63
Triggers may have already come
Support and Resistance Plot Chart for HSIC

HSIC Long Term Analysis for October 25 2022

Blue = Current Price
Red= Resistance
Green = Support

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