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Watch for Express Scripts to Potentially Pullback After Gaining 1.66% Yesterday

By David Diaz

Express Scripts (NASDAQ:ESRX) traded in a range yesterday that spanned from a low of $69.79 to a high of $70.66. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $70.43 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Express Scripts on August 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $75.65. Since that call, shares of Express Scripts have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Express Scripts has traded in a range of $65.55 to $94.61 and is now at $70.45, 7% above that low. The 200-day and 50-day moving averages have moved 0.47% lower and 0.49% higher over the past week, respectively.

Keywords: rebounders Express Scripts

Ticker(s): ESRX