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

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,113.54 ▲61.81 (0.36%)
o S&P 500 1,983.53 ▲9.90 (0.50%)
o NASDAQ 4,456.02 ▲31.31 (0.71%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,113.54 Trade time:4:30PM EDT Value change:▲61.81 (0.36%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,983.53 Trade time:4:30PM EDT Value change:▲9.90 (0.50%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,456.02 Trade time:5:15PM EDT Value change:▲31.31 (0.71%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.