Henry Schein (HSIC) 2/9/10 PriceWatch Alert Technicals Showing Bullish
Posted: Tuesday, February 09, 2010 8:44 AM EDT
By: Market Intelligence Center Staff
Henry Schein (NASDAQ: HSIC) closed yesterday at $53.86. So far the stock has hit a 52-week low of $33.55 and 52-week high of $56.92. Henry Schein stock has been showing support around 53.27 and resistance in the 54.73 range. Technical indicators for the stock are Bullish and S&P gives HSIC a neutral 3 STAR (out of 5) hold rating. HSIC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jul '10 50 covered call for a net debit in the $47.66 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 11.51% downside protection and a 4.91% assigned return rate for an 11.34% annualized return rate (comparison purposes only). Henry Schein does not pay dividends at this time. [ATU-Seven Summits Research]
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