Chart.ly Chart of the Day: Express Scripts ESRX

  • Posted by
  • on March 8th, 2010
ldrogen

Today on the Chart.ly Chart of the Day we take a look at Express Scripts $ESRX with @akoptiontrader.  This stock has been one of the healthcare leaders off the bottom putting in a beautiful channel here on the daily chart.  As @akoptiontrader points out, price can sustain a move higher in the top 50% of the channel for quite some time.  But, if you have a significant position here, it may be time to look at selling some out of the money calls to take advantage of the lower likelihood of a major breakout to the upside.

ldrogen

Leigh Drogen is the founder and chief investment officer of Surfview Capital, LLC, a New York based asset management firm. Leigh specializes in momentum and long/short strategies across several different asset classes. Using technical analysis supported by macro economic and fundamental factors, Leigh takes advantage of high probability movements on the swing trading time frame. Prior to founding Surfview Capital, Leigh served as an analyst and trader for Geller Capital Management, a White Plains, NY based asset management firm. His educational background includes focus in economics and international relations, specifically war theory. Along with publishing his own blog, Leigh heads up the development of the Chart.ly platform at StockTwits. Outside of the markets, Leigh continues to play competitive ice hockey and is a dedicated New York Rangers fan. You can follow him on his blog LeighDrogen.com.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

You might be interested in:
blog comments powered by Disqus

In partnership with CNN Money Part of the CNN Network