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SmarTrend Watching for Potential Pullback in Shares of Express Scripts After 3.94% Gain

By Nick Russo

Express Scripts (NASDAQ:ESRX) traded in a range yesterday that spanned from a low of $81.81 to a high of $83.32. Yesterday, the shares gained 3.9%, which took the trading range above the 3-day high of $79.85 on volume of 4.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Express Scripts share prices have moved between a 52-week high of $85.07 and a 52-week low of $55.80 and are now trading 48% above that low price at $82.40 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Express Scripts on May 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.58. Since that recommendation, shares of Express Scripts have risen 7.6%. We continue to monitor ESRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Express Scripts

Ticker(s): ESRX