Stock Chart Analysis ESRX

Posted by downtowntrader | 9/26/2007 09:52:00 PM | 0 comments »

Stock Chart Analysis ESRX

Express Scripts, Inc. (Public, NASDAQ:ESRX)

I was bearish on ESRX a few weeks ago, but it has improved it's posture considerably since then. It completed a 3 wave correction and then followed it up by tagging new highs. It has been consolidating in a bullish fashion for the past trading month and could be close to breaking out. Also appealing on this chart is the clear stop loss area that affords precise risk parameters. This could move out as soon as tomorrow.

Good Trading,


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