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Bearish Moving Average Cross by Emerson Elec Co (EMR)

By David Diaz

Today, shares of Emerson Elec Co (NYSE:EMR) have fallen below their 10-day MA of $62.89 on a volume of 399K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Emerson Elec Co has traded in a range of $55.39 to $79.70 and is now at $62.23, 12% above that low. The 200-day and 50-day moving averages have moved 0.36% lower and 0.65% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Emerson Elec Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Emerson Elec Co in search of a potential trend change.

Keywords: moving crosses emerson elec co

Ticker(s): EMR