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Eastman Chemical Crosses Above its 10-day MA (EMN)

By David Diaz

Eastman Chemical (NYSE:EMN) crossed over its 10-day moving average of $65.07 on a volume of 144K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Eastman Chemical have traded between a low of $56.03 and a high of $83.90 and are now at $65.53, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.05% lower and 1.42% higher over the past week, respectively.

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