Henry Schein (HSIC) 11/6/09 PriceWatch Alert Bearish Price Movement

Posted: Friday, November 06, 2009 8:43 AM EDT

Henry Schein (NasdaqNM: HSIC) closed yesterday at $51.12. So far the stock has hit a 52-week low of $32.08 and 52-week high of $56.92. Henry Schein stock has been showing support around 49.85 and resistance in the 52.09 range. Technical indicators for the stock are Bearish 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 Jan '10 50 covered call (HQE AJ) for a net debit in the $48.32 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 5.48% downside protection and a 3.48% assigned return rate for a 17.87% annualized return rate (comparison purposes only). Henry Schein does not pay dividends at this time. [FBB-Seven Summits Research]

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