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Watch for Continued Losses in Shares of Express Scripts (ESRX)

By James Quinn

Express Scripts (NASDAQ:ESRX) traded at a new 52-week low today of $57.80. Approximately 13.4 million shares have changed hands today, as compared to an average 30-day volume of 4.6 million shares.

Potential upside of 37.6% exists for Express Scripts, based on a current level of $58.79 and analysts' average consensus price target of $80.88. Express Scripts shares should first meet resistance at the 50-day moving average (MA) of $70.71 and find additional resistance at the 200-day MA of $79.88.

Express Scripts, Inc 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 provides pharmacy network management, formulary management, and other services.

Express Scripts share prices have moved between a 52-week high of $94.61 and the current low of $57.80 and are currently at $58.79 per share. 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 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Express Scripts

Ticker(s): ESRX