Emerson Electric Bearish Moving Average Crossover Alert (EMR)
Today, shares of Emerson Electric (NYSE:EMR) have crossed bearishly below their 10-day moving average of $53.03 on a volume of 678K 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.
In the past 52 weeks, shares of Emerson Electric have traded between a low of $41.25 and a high of $62.75 and are now at $52.60, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
SmarTrend is monitoring the recent change of momentum in Emerson Electric. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Emerson Electric in search of a potential trend change.
Keywords: moving crosses Emerson Electric