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Look for Shares of Emerson Elec Co to Potentially Pullback after Yesterday's 4.30% Rise

By Shiri Gupta

Emerson Elec Co (NYSE:EMR) traded in a range yesterday that spanned from a low of $66.15 to a high of $68.03. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $65.42 on volume of 1.4 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, Emerson Elec Co share prices have been bracketed by a low of $55.39 and a high of $78.09 and are now at $67.85, 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.2%.

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