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Bullish Moving Average Cross by Emerson Electric (EMR)

By Shiri Gupta

Today, shares of Emerson Electric (NYSE:EMR) have advanced above their 10-day MA of $54.00 on a volume of 299K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Emerson Electric has traded in a range of $41.25 to $62.75 and is now at $54.34, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Emerson Electric on February 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.02. Since that recommendation, shares of Emerson Electric have risen 17.0%. We continue to monitor EMR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Emerson Electric

Ticker(s): EMR