EXPRESS SCRIPS INC
(ESRX-Nasdaq):
Technical Viewpoint: From a low
of $52.03 on Oct 30, 2003 prices
rallied, reaching a
high of $66.62
on Dec 1, 2003. A
decline saw prices pull back, reaching a
low of
$61.11 on Dec 16, 2003.
Another rally saw prices penetrate
resistance, closing 12/22/03
at $65.42. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 14, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.00. Resistance: Is at $66.62.
Point & Figure: Reversed to the upside on Dec 22, 2003. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! EXPRESS SCRIPS INC
(ESRX-Nasdaq) @ $66.13 Stop: Use a protective stop of $63.63.
EXPRESS SCRIPS INC is currently trading @ $65.42 plus $1.47 on Dec 22, 2003. Price Objective:
$77.00. Risk/Reward: $2.50 VS. $10.87. Today's Risk Reward Ratio: 4:1
|
Click here to view full size chart
|