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After Yesterday's Rally of 2.17% Shares Could Potentially Pullback

By James Quinn

Express Scripts (NASDAQ:ESRX) traded in a range yesterday that spanned from a low of $62.91 to a high of $64.39. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $64.07 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Express Scripts share prices have been bracketed by a low of $57.80 and a high of $94.61 and are now at $64.32, 11% above that low price. 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 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 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Express Scripts

Ticker(s): ESRX