The last earnings report on September 30 showed earnings per share of $1.32, meeting the estimate of $1.32. P/B Ratio (2.843) is normal, around the industry mean (13.831). P/E Ratio (23.627) is within average values for comparable stocks, (27.428). Projected Growth (PEG Ratio) (1.888) is also within normal values, averaging (4.510). HSIC has a moderately low...
This morning, the first trading day of 2023, I ran my S&P 500 spike scan like every morning. The spikes were skewed heavily to the bearish side with 99 Bearish Spikes and only 1 Bullish Spike. That spike was HSIC NASDAQ:HSIC . I like the context of this price action happening at the 50% Retracement of the bear move from the All Time High down to the October...
The PEAD projected a Bullish outlook for $HSIC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
Notes:
* Solid earnings in the recent quarters
* Strong up trend in the long term
* Broke out of a base on base pattern
* Initially created a base of ~9 months, broke out and created a smaller base of ~4 week and is now breaking out again
* The ~9 month base was just above historical highs of $73.19 setting it as support
* Making new all-time-highs
* For the past...
* Exceptional earnings
* Very strong up trend
* Sector: Healthcare - Medical Distribution
* Relative Strength vs. Sector: 8.68
* Relative Strength vs. SP500: 1.57
* U/D Ratio: 1.84
* Base Depth: 18.64%
* Volume 40.56% above its 15 day average.
* Recently retested highs from 2017 as support around $73.19 before pushing higher.
Trade Idea:
* Wait for a close...
I believe HSIC is almost done consolidating. It's hard to tell on a weekly or daily chart , but I can see by Dec (but hopefully sooner) it should be ready for another move higher.
I will have to look at a possible way to play this Wednesday.
Long term uptrend is in tact.
Short term Price action is getting squeezed... break-out to upside very likely.
Seasonality for november performance for last 4yrs is 100% upside
Today's down move tested the middle of the consolidation following the pullback to the Daily Ichimoku cloud for NASDAQ:HSIC . This confirms a long trade to retest the major high.
After a period of consolidation $HSIC just had a breakout to new highs after an earnings surprise. This stock looks to be getting accumulated on every selloff. Could be a potential entry for a trend follower.
Hey guys, HENRY SCHEIN is in a bullish movement on a strong trend support, the sellers were pushed back with force. HENRY SCHEIN climbs to the top of his stabilization zone, strong propability to breakout this zone to go directly to the top of the next one and seek the next higher point.
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NASDAQ:HSIC
We are still waiting for the Breakout on this double pattern in HSIC, head and shoulders of continuation and ascending triangle.
As always alerts will inform us to have the right timing by entering long in the market.
We are currently about four years into the development of this pattern, and a possible breakout could lead to start a new market rally...
NASDAQ:HSIC
Analyze it as an Ascending Triangle or as a Head and Shoulders of Continuation...what we focus on is simply the level of resistance, in which either the price breaks or bounces, and depending on what happens we operate or wait.
At the end in this case if we define it as Ascending Triangle the reading of the pattern has highs of equal level and higher...
Looks like a coorection is coming for HSIC (Henry Schein). It's a stock with a price footprint I like, so I will devote a small amount for some Long Puts (30-60 days long) and see what happens. Always a percentage of the position put aside for hedging. Good luck!
