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Shares of Emerson Elec Co Rise Above Previous 52-Week High

By Amy Schwartz

Shares of Emerson Elec Co (NYSE:EMR) traded today at $77.86, breaking its 52-week high. Approximately 273,000 shares have changed hands today, as compared to an average 30-day volume of 2.6 million shares.

Emerson Elec Co (NYSE:EMR) is currently priced 0.7% above its average consensus analyst price target of $77.25. The stock should find initial support at its 50-day moving average (MA) of $72.96 and further support at its 200-day MA of $70.81.

Emerson Electric Co. designs and manufactures electronic and electrical equipment, software, systems, and services. The Company offers its products for industrial, commercial, and consumer markets worldwide through its network power, process management, industrial automation, climate technologies, and commercial and residential solutions divisions.

In the past 52 weeks, Emerson Elec Co share prices have been bracketed by a low of $57.47 and a high of $77.86 and are now at $77.82, 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Emerson Elec Co on July 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.60. Since that recommendation, shares of Emerson Elec Co have risen 7.7%. We continue to monitor EMR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows emerson elec co

Ticker(s): EMR