Bullish Moving Average Cross by Emerson Electric (EMR)
Emerson Electric (NYSE:EMR) crossed over its 10-day moving average of $51.52 on a volume of 444K 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 Electric has traded in a range of $41.25 to $62.75 and is now at $51.82, 26% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
SmarTrend recommended that its subscribers protect gains by selling shares of Emerson Electric on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $53.42. Since that call, shares of Emerson Electric have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Emerson Electric