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Recent 52-Week High Exceeded in Shares of EMCOR Group (EME)

By Amy Schwartz

EMCOR Group (NYSE:EME) traded at a new 52-week high today of $54.79. So far today approximately 91,000 shares have been exchanged, as compared to an average 30-day volume of 253,000 shares.

In the past 52 weeks, EMCOR Group share prices have been bracketed by a low of $40.98 and a high of $54.79 and are now at $54.75, 34% above that low price. The 200-day and 50-day moving averages have moved 0.02% lower and 0.21% higher over the past week, respectively.

EMCOR Group (NYSE:EME) defies analysts with a current price ($54.75) 0.0% above its average consensus price target of $54.75. The stock should discover initial support at its 50-day moving average (MA) of $47.68 and subsequent support at its 200-day MA of $46.85.

EMCOR Group, Inc. provides mechanical and electrical construction and facilities services around the world. The Company specializes in the design, installation, integration, and start-up of distribution systems for electrical power, lighting systems, low-voltage systems such as fire and security alarms, voice and data communication systems, ventilation systems, and plumbing and piping systems.

SmarTrend recommended that subscribers consider buying shares of EMCOR Group on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.90. Since that recommendation, shares of EMCOR Group have risen 7.4%. We continue to monitor EME for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows emcor group

Ticker(s): EME