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contributing website
![]() Join Date: Oct 2006
Posts: 154
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From Wall Street Trader's Column
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
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