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

By Nick Russo

Today, shares of Express Scripts (NASDAQ:ESRX) have crossed bearishly below their 10-day moving average of $60.11 on a volume of 531K 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 $57.80 and a high of $94.61 and are now at $59.89, which is 4% 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 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 16.2%. 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