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Bullish Moving Average Cross by Emerson Elec Co (EMR)

By David Diaz

Emerson Elec Co (NYSE:EMR) shares have crossed bullishly above their 10-day moving average of $69.52 on a volume of 385K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Emerson Elec Co has traded in a range of $57.47 to $74.45 and is now at $69.95, 22% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Emerson Elec Co and will alert subscribers who have EMR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses emerson elec co

Ticker(s): EMR