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Eastman Chemical Bearish Moving Average Crossover Alert (EMN)

By Amy Schwartz

Today, shares of Eastman Chemical (NYSE:EMN) have fallen below their 10-day MA of $72.41 on a volume of 136K 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.

Eastman Chemical share prices have moved between a 52-week high of $100.51 and a 52-week low of $61.22 and are now trading 18% above that low price at $72.02 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.

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

Keywords: moving crosses Eastman Chemical

Ticker(s): EMN