Get Into Express Scripts in a Hurry

by Sam Collins | July 20, 2012 2:30 am

Get Into Express Scripts in a Hurry

Express Scripts (NASDAQ:ESRX[1]) –┬áThis company provides healthcare management and administration services for HMOs, health insurers and various compensation plans and systems. Yesterday it ended an extended dispute[2] with Walgreens (NYSE:WAG[3]) over rates and returns. Analysts now project that both companies will benefit, but several analysts reaffirmed their earnings target of $4.60 for 2013 vs. $3.66 this year with a price target of $66.

ESRX broke from a double top at just above $58 yesterday following the crossing of the 20-day moving average through the 50-day moving average last week. The trading target from the breakout is $66. Investors may buy ESRX as a quality long-term hold in the health care management industry.

ESRX Get Into Express Scripts in a Hurry

chart key Get Into Express Scripts in a Hurry

Endnotes:
  1. ESRX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ESRX
  2. ended an extended dispute: http://investorplace.com/2012/07/walgreen-jumps-on-express-scripts-deal/
  3. WAG: http://studio-5.financialcontent.com/investplace/quote?Symbol=WAG

Source URL: http://investorplace.com/2012/07/get-into-express-scripts-in-a-hurry/
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