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Express Scripts Crosses Above its 10-day MA (ESRX)

By Shiri Gupta

Today, shares of Express Scripts (NASDAQ:ESRX) have crossed bullishly above their 10-day moving average of $59.94 on a volume of 713K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Express Scripts has traded in a range of $57.80 to $94.61 and is now at $60.47, 5% above that low. 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 December 8th, 2016 by issuing a Downtrend alert when the shares were trading at $71.99. Since that call, shares of Express Scripts have fallen 17.0%. 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