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Shares of Express Scripts Has Risen Above Previous 52-Week High

By Amy Schwartz

Express Scripts (NASDAQ:ESRX) traded at a new 52-week high today of $91.68. This new high was reached on below average trading volume as 436,000 shares traded hands, while the average 30-day volume is approximately 4.9 million shares.

Express Scripts Holding Company is a full service pharmacy benefit management and specialty managed care company serving clients throughout North America. The Company's customers include managed care organizations, insurance carriers, third party administrators, employers, and union-sponsored benefit plans.

Express Scripts (NASDAQ:ESRX) is currently priced 5.8% above its average consensus analyst price target of $86.12. The stock should find initial support at its 50-day moving average (MA) of $83.47 and further support at its 200-day MA of $76.98.

Over the past year, Express Scripts has traded in a range of $55.80 to $91.68 and is now at $91.47, 64% above that low. The 200-day and 50-day moving averages have moved 0.75% higher and 1.17% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Express Scripts on August 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $84.09. Since that recommendation, shares of Express Scripts have risen 8.6%. We continue to monitor ESRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Express Scripts

Ticker(s): ESRX