Express Scripts Crosses Below its 10-day MA (ESRX)
Today, shares of Express Scripts (NASDAQ:ESRX) have fallen below their 10-day MA of $70.39 on a volume of 580K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Express Scripts has traded in a range of $65.55 to $94.61 and is now at $69.92, 7% above that low. 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 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Express Scripts