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Shares of Express Scripts Rise Above Previous 52-Week High

By James Quinn

Express Scripts (NASDAQ:ESRX) traded at a new 52-week high today of $91.36. Approximately 223,000 shares have changed hands today, as compared to an average 30-day volume of 4.6 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) defies analysts with a current price ($90.98) 5.3% above its average consensus price target of $86.12. The stock should find initial support at its 50-day moving average (MA) of $82.26 and further support at its 200-day MA of $76.26.

In the past 52 weeks, shares of Express Scripts have traded between a low of $55.80 and a high of $91.36 and are now at $90.98, which is 63% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

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 8.0%. 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