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Bearish Moving Average Cross by Eastman Chemical (EMN)

By Shiri Gupta

Today, shares of Eastman Chemical (NYSE:EMN) have fallen below their 10-day MA of $67.85 on a volume of 308K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Eastman Chemical share prices have been bracketed by a low of $56.03 and a high of $83.90 and are now at $67.25, 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend is tracking the current trend status for Eastman Chemical and will alert subscribers who have EMN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Eastman Chemical

Ticker(s): EMN