Express Scripts Crosses Above its 10-day MA (ESRX)
Express Scripts (NASDAQ:ESRX) shares have crossed bullishly above their 10-day moving average of $75.19 on a volume of 502K 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.
Express Scripts share prices have moved between a 52-week high of $94.61 and a 52-week low of $65.55 and are now trading 15% above that low price at $75.32 per share. 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 subscribers consider buying shares of Express Scripts on April 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.26. Since that recommendation, shares of Express Scripts have risen 3.4%. We continue to monitor ESRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Express Scripts