• Return to Headlines

After Yesterday's Rally of 2.41% Shares Could Potentially Pullback

By Nick Russo

Emerson Elec Co (NYSE:EMR) traded in a range yesterday that spanned from a low of $70.66 to a high of $72.02. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $70.61 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Emerson Elec Co have traded between a low of $48.45 and a high of $74.45 and are now at $71.90, which is 48% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Emerson Elec Co and will alert subscribers who have EMR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders emerson elec co

Ticker(s): EMR