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Look for Shares of Express Scripts to Potentially Pullback after Yesterday's 1.26% Rise

By David Diaz

Express Scripts (NASDAQ:ESRX) traded in a range yesterday that spanned from a low of $62.02 to a high of $63.18. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $62.28 on volume of 914,000 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 $80.02 and are now at $62.95, 9% above that low price. 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 is tracking the current trend status for Express Scripts and will alert subscribers who have ESRX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Express Scripts

Ticker(s): ESRX