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

By Amy Schwartz

Today, shares of Eastman Chemical (NYSE:EMN) have fallen below their 10-day MA of $78.94 on a volume of 246K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Eastman Chemical has traded in a range of $56.03 to $83.90 and is now at $78.64, 40% above that low. The 200-day and 50-day moving averages have moved 0.05% lower and 1.42% higher over the past week, respectively.

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