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EMCOR Group Crosses Above its 10-day MA (EME)

By Shiri Gupta

EMCOR Group (NYSE:EME) crossed over its 10-day moving average of $47.25 on a volume of 143K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of EMCOR Group have traded between a low of $38.68 and a high of $48.06 and are now at $47.43, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of EMCOR Group on February 5th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.98. Since that recommendation, shares of EMCOR Group have risen 9.4%. We continue to monitor EME for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses emcor group

Ticker(s): EME