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

By David Diaz

Eastman Chemical (NYSE:EMN) shares have crossed bullishly above their 10-day moving average of $78.71 on a volume of 134K 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, Eastman Chemical share prices have been bracketed by a low of $56.03 and a high of $83.90 and are now at $79.06, 41% above that low price. 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 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