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Express Scripts Set to Possibly Rebound After Yesterday's Selloff of 1.53%

By James Quinn

Express Scripts (NASDAQ:ESRX) traded in a range yesterday that spanned from a low of $64.07 to a high of $65.09. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $64.45 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Express Scriptshas traded in a range of $64.24 to $94.61 and are now at $64.24. 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 9.6%. 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