• Return to Headlines

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

By James Quinn

Today, shares of Express Scripts (NASDAQ:ESRX) have crossed bearishly below their 10-day moving average of $72.57 on a volume of 696K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Express Scripts share prices have been bracketed by a low of $65.55 and a high of $94.61 and are now at $72.30, 10% above that low price. Over the last five market days, 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 3.9%. 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