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Bearish Moving Average Cross by Express Scripts (ESRX)

By Amy Schwartz

Today, shares of Express Scripts (NASDAQ:ESRX) have crossed bearishly below their 10-day moving average of $73.40 on a volume of 376K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Express Scripts have traded between a low of $65.55 and a high of $94.61 and are now at $73.06, which is 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for Express Scripts and will alert subscribers who have ESRX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Express Scripts

Ticker(s): ESRX