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Emerson Electric (EMR) Approaches New Upside Target of $50.21

By Amy Schwartz

Shares of Emerson Electric (NYSE:EMR) opened today above their pivot of $49.78 and have already reached the first level of resistance at $49.95. Analysts will be watching for a cross of the next upside pivot targets of $50.21 and $50.64.

Over the past year, Emerson Electrichas traded in a range of $0.00 to $62.75 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

There is potential upside of 0.0% for shares of Emerson Electric based on a current price of $0.00 and an average consensus analyst price target of $50.29. The stock should run into initial resistance at its 200-day moving average (MA) of $48.73 and subsequent resistance at its 50-day MA of $53.39.

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: pivot alerts Emerson Electric

Ticker(s): EMR