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New Plays

Bullish Candidate in Medical Equipment

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NEW BULLISH Plays

Henry Schein - HSIC - close: 35.21 change: +0.89 stop: 33.95

Why We Like It:
I am listing HSIC as an aggressive, higher-risk bullish candidate. The stock appears to have bottomed with its lows near $32.00. Recently shares broke through a three-week trend of lower highs. HSIC still has a longer-term trend of resistance near its 30-dma and that's only $1.50 above where HSIC is now. The P&F chart is still bearish and the four-month trend is still bearish. Yet I'm seeing enough short-term bullish movement that traders might want to speculate on a rebound from here. We'll use a stop loss under today's low. Our target is $39.00.

Annotated chart:
HSIC

Picked on December 18 at $35.21 
Change since picked:     + 0.00   			
Earnings Date          02/25/09 (unconfirmed)    
Average Daily Volume:       1.2 million     


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