Express Scripts (ESRX) — close to a buy point?

Let’s look at Express Scripts ( NASDAQ:ESRX ) because the stock could be giving us a pretty good buying opportunity. Potential here down around $64.00.

This is a company that should do pretty well in the changing health care environment over the next few years. Investors agree; you can see the kind of move this stock has made. They essentially provide manage benefit management services to employers, insurance company administrators, healthcare organizations, and things like that. So they’re in a real information management sweet spot here. You look at the weekly chart and the uptrend is pretty much intact.

The thing that I like here is, this looks like a big long consolidation box for the last couple years, and the stock is just starting to work its way higher now. If the stock pulls back closer to $60.00 this is going to be at a pretty good buy point. The growth rate on this company is 25 percent. That’s a pretty nice growth rate. The PE is well below that, so fundamentally, again, given the growth rate; this stock is still pretty cheap. So I think you can be buying it, again, down around 64.00 or 63.00 would be better, anywhere around here is a good time to be buying this stock.