Henry Schein Inc. - HSIC - close: 69.45 change: -0.39

Stop Loss: 67.75
Target(s): 74.75, 79.00
Current Gain/Loss: Unopened
Time Frame: 6 to 9 weeks
New Positions: Yes, see trigger

Company Description

Why We Like It:
HSIC is a medical equipment company. Shares of this stock have continued to build on their bullish trend of higher lows. Now the stock is on the verge of a bullish breakout above resistance at the $70.00 level. I am suggesting we use a trigger to buy HSIC at $70.25. If triggered our first target is $74.75. Our second, longer-term target is $79.00. FYI: HSIC does have options but the spreads are too wide.

Trigger @ 70.25

Suggested Position: Buy HSIC stock @ $70.25

Annotated Chart:

Entry on March xxth at $ xx.xx
Earnings Date 05/04/11 (unconfirmed)
Average Daily Volume = 530 thousand
Listed on March 9th, 2010