Express Scripts Is Near Resistance

New York, March 5th (TradersHuddle.com) - Shares of Express Scripts, Inc. (NASDAQ:ESRX) are trading very close to calculated resistance at $59.21. The stock ended the trading session at just $57.88, which is near levels that make it difficult to buy or start a position.

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 range is defined by its calculated support defined at $54.67 and by the resistance level at $59.21; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Express Scripts. However, as the stock pulls back towards $54.67 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $59.21 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,827.75 ▲12.81 (0.07%)
o S&P 500 2,072.83 ▲5.80 (0.28%)
o NASDAQ 4,787.32 (%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,827.75 Trade time:4:31PM EST Value change:▲12.81 (0.07%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,072.83 Trade time:4:31PM EST Value change:▲5.80 (0.28%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,787.32 Trade time:5:15PM EST Value change: (%)
Copyright © 2013 TradersHuddle.com. All Rights Reserved.