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

By Amy Schwartz

EMCOR Group (NYSE:EME) shares have crossed bearishly below their 10-day moving average of $63.21 on a volume of 115K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, EMCOR Group has traded in a range of $40.98 to $73.44 and is now at $62.60, 53% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 0.21% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of EMCOR Group on January 9th, 2017 by issuing a Downtrend alert when the shares were trading at $68.60. Since that call, shares of EMCOR Group have fallen 7.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses emcor group

Ticker(s): EME