WaineNZeddmo
Long

ESRX WEEKLY CHART Express Scripts Holding Co ENTRY LEVEL

NASDAQ:ESRX   ESRX
ESRX is currently on a downtrend, with MA100 over MA50 over MA20.

However, market successfully rejected 0.5 retracement from post-2008 low / 2015 high, also triggering a bullish divergence . Market may bounce or range from now on.

A falling wedge could end this downtrend. Open long orders with price over MA50 or MA20 over MA50 in the $65-$70 zone (which is 2.3X book value), stop-loss under 56.

1st target at wedge pattern, 2nd target at ATH .

This is a 777-day trade, with annualized return of 17% (excluding share earnings )

WNZ
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