Harry Aloof
10-02-2007, 07:57 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
EXPRESS SCRIPTS INC (ESRX-Nasdaq): Technical Viewpoint: From a low of $47.63 on Sep 16, 2007 prices rallied, reaching a high of $55.99 on Sep 6, 2007. A decline saw prices pull back, reaching a low of $52.05 on Sep 17, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $55.82. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 28, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $48.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Aug 20, 2007. A P&F downside reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! EXPRESS SCRIPTS INC (ESRX-Nasdaq) @ $56.13 Stop: Use a protective stop of $53.63. EXPRESS SCRIPTS INC is currently trading @ $55.82 plus $1.39 on Sep 28, 2007.
Price Objective: $66.00
Risk/Reward: $2.50 VS. $9.87
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2196-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
EXPRESS SCRIPTS INC (ESRX-Nasdaq): Technical Viewpoint: From a low of $47.63 on Sep 16, 2007 prices rallied, reaching a high of $55.99 on Sep 6, 2007. A decline saw prices pull back, reaching a low of $52.05 on Sep 17, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $55.82. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 28, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $48.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Aug 20, 2007. A P&F downside reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! EXPRESS SCRIPTS INC (ESRX-Nasdaq) @ $56.13 Stop: Use a protective stop of $53.63. EXPRESS SCRIPTS INC is currently trading @ $55.82 plus $1.39 on Sep 28, 2007.
Price Objective: $66.00
Risk/Reward: $2.50 VS. $9.87
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2196-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)