Chart Of The Day: Express Scripts

The Chart of the Day belongs to Express Scripts (NASDAQ:ESRX). I found the stock by sorting the All Time High list for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/21 the stock gained 13.63%

Express Scripts, Inc. is one of the largest pharmacy benefit management companies in North America. Through facilities in the states and Canada, the company serves thousands of client groups, including managed care organizations, insurance carriers, third-party administrators, employers and union-sponsored benefit plans.

(click to enlarge)

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 9.50% in the last month
  • Relative Strength Index 88.53%
  • Barchart computes a technical support level at 17.96
  • Recently traded at 84.12 with a 50 day moving average of 75.15
  • Fundamental factors:

  • Market Cap $62.71 billion
  • P/E 17..96
  • Revenue expected to be down 390% this year but increase again by 2.00% next year
  • Earnings are estimated to increase 12.70% this year, an additional 11.70% next year and continue to increase at an annual rate of 13.50% for the next 5 years
  • Wall Street analysts issued 7 strong buy, 10 buy and 8 hold recommendations on the stock
  • Recently the 50 day moving average vs price has been the best technical trading strategy for this stock and should be used to gauge an exit point.

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