Express Scripts Close to the 200 Day

Published on Tuesday, 10 January 2012 08:44 Written by TradersHuddle Staff

New York, January 10th (TradersHuddle.com) - Shares of Express Scripts, Inc. (NASDAQ:ESRX) traded at $49.85 close to its 200 day moving average currently set at $49.43. Express Scripts price action is just above this key support level, and it will certainly raise traders attention, as a possible trading opportunity.

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.

Latest price action range, defined by a peaks and troughs algorithm places calculated support at $43.02 and calculated resistance at $45.97. These levels will certainly be watched by traders, as they provide insight into the latest price dynamics defined by Express Scripts stock.

Traders wanting to establish a position on Express Scripts will be looking at the price action for evidence of buying near the 200 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside.