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

By Amy Schwartz

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.

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.

Over the past year, Emerson Elec Co has traded in a range of $55.39 to $78.09 and is now at $67.85, 22% above that low. The 200-day and 50-day moving averages have moved 0.23% higher and 0.29% lower over the past week, respectively.

Keywords: rebounders emerson elec co

Ticker(s): EMR