Express Scripts

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Express Scripts ( ESRX) is a pharmacy benefit management company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers' compensation plans and government health programs. The stock is trading up 1% at $53.65 in recent trading.

Today's Volume: 23 million

Average Volume: 7.8 million

Volume % Change: 499%

>>Health Care Stocks Bought and Sold by Hedge Funds

Shares of ESRX are advancing slightly higher today after the company said their $29.1 billion merger with Medco Health Solutions could close as soon as next week.

From a technical perspective, ESRX has started to flirt with a major breakout trade today since the stock briefly crossed above some near-term overhead resistance at $55.06 with monster volume. At last check, ESRX hit a high today of $55.34 before pulling back to its current price of around $54.

Traders should only consider long-biased trades if ESRX is it trends back above that key breakout level of $55.06 with strong volume flows. Look for a sustained high-volume move and close above $55.06. If we get that action, then ESRX has a great chance to trade up to its next significant overhead resistance level at $57.47.

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