Above Resistance - Express Scripts | Trading Ideas

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Above Resistance - Express Scripts

Published on Thursday, 26 January 2012 05:32 Written by Christian Paolinetti

New York, January 26th (TradersHuddle.com) - Shares of Express Scripts, Inc. (NASDAQ:ESRX) closed the trading session at $52.48 just above calculated resistance at $52.09 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

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 stock was trading in a well defined range with support at $47.96 and resistance at $52.09, given that this range was broken traders will be closely monitoring the stock

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