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Eastman Chemical Bullish Moving Average Crossover Alert (EMN)

By Shiri Gupta

Today, shares of Eastman Chemical (NYSE:EMN) have crossed bullishly above their 10-day moving average of $84.43 on a volume of 164K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Eastman Chemical share prices have moved between a 52-week high of $86.60 and a 52-week low of $62.70 and are now trading 35% above that low price at $84.64 per share. The 200-day and 50-day moving averages have moved 0.05% lower and 1.42% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Eastman Chemical on June 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.26. Since that recommendation, shares of Eastman Chemical have risen 3.3%. We continue to monitor EMN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Eastman Chemical

Ticker(s): EMN