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Express Scripts Bearish Moving Average Crossover Alert (ESRX)

By James Quinn

Today, shares of Express Scripts (NASDAQ:ESRX) have fallen below their 10-day MA of $70.24 on a volume of 295K 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 $69.89, which is 7% 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 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 6.7%. 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