Trade Alert - Express Scripts High Volume

Published on Thursday, 29 July 2010 11:50 Written by TradersHuddle Staff

New York, July 29th (TradersHuddle.com) - Unusual high volume detected on shares of Express Scripts, Inc. (NASDAQ:ESRX), early in the trading session. Express Scripts is currently trading higher by 5.83%, so definitely the buyers stepping in, as the stock's volume is already above average.

Express Scripts, Inc. (NASDAQ:ESRX) is a full service pharmacy benefit management and specialty managed care company. The Company serves managed care organizations, insurance carriers, third party administrators, employers, and union-sponsored benefit plans.

Express Scripts has already traded 1.057 times its 3-month average volume, and has calculated support and resistance at $41.55 and $48.81 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.37% from its previous trading close, which means that Express Scripts stock is outperforming the overall market.