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Eastman Chemical Bullish Moving Average Crossover Alert (EMN)

By Shiri Gupta

Eastman Chemical (NYSE:EMN) crossed over its 10-day moving average of $67.12 on a volume of 154K 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 $83.90 and a 52-week low of $56.03 and are now trading 22% above that low price at $68.36 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Eastman Chemical on June 9th, 2016 by issuing a Downtrend alert when the shares were trading at $72.11. Since that call, shares of Eastman Chemical have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Eastman Chemical

Ticker(s): EMN