Trade Ideas: HLEX

Relatively low risk trade depending on which stop you choose to use. Nice test of the prior reaction high as the rally started in 2003 continues. Chief negative is the MACD "sell" trigger; so stops are important. The point-n-figure target of $59.50 is not outside the realms of possibility, but look to resistance at $40, $45 and $50, the latter in particular.

HealthExtras, Inc. and its subsidiaries provide pharmacy benefit management services and supplemental benefit programs in the United States. Its pharmacy benefit management services include benefit plan design and consultation; formulary administration; formulary compliance and therapeutic intervention programs; retail pharmacy network contracting and administration; decision support and data analysis services; flexible, customized reporting available via secure Internet connection; and contracted mail order pharmacy.

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