Express Scripts (ESRX) NewsBite - ESRX Hits 52-Week High

Posted: Tuesday, November 03, 2009 12:19 PM EDT

Express Scripts (NasdaqNM: ESRX) hit a new 52-Week high of $83.91 so far today. Currently the stock is up $0.56 (0.68%) to $83.51 on 1,012,898 shares traded. Today's high is up $40.76 from a 52-Week Low of $42.75. Express Scripts stock has been showing support around $78.52 and resistance in the $85.38 range. Technical indicators for the stock are bullish and S&P gives ESRX a positive 5 STARS (out of 5) strong buy ranking. The company continues to rise after last weeks in-line earnings report and trades up to a new 52 week high today. If you are looking for a hedged play on ESRX the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 70 range. [ABR-Seven Summits Strategic Investments NewsBite]

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