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Eastman Chemical Bearish Moving Average Crossover Alert (EMN)

By David Diaz

Eastman Chemical (NYSE:EMN) shares have crossed bearishly below their 10-day moving average of $83.07 on a volume of 211K 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.

In the past 52 weeks, Eastman Chemical share prices have been bracketed by a low of $67.40 and a high of $110.17 and are now at $82.77, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.2%.

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