The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Technical analysis of Henry Schein (HSIC) reveals a significant setup. The stock is trading at $73.94, up 1.23% on the day. Price action has carved out a classic Bearish Flag. Volume is average (0.98x avg) with moderate trend strength (13.6). A potential breakout level is identified at $71.24, targeting $53.19 with support near $75.59 (R:R 4.15).
What is your outlook on HSIC?