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Bullish Moving Average Cross by Express Scripts (ESRX)

By Amy Schwartz

Express Scripts (NASDAQ:ESRX) crossed over its 10-day moving average of $70.52 on a volume of 976K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $71.53, which is 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Express Scripts on August 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $75.65. Since that call, shares of Express Scripts have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Express Scripts

Ticker(s): ESRX