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Next Resistance Level for EMC (EMC) is $25.15

Written on Fri, 02/01/2013 - 3:12pm
By James Quinn

EMC (NYSE:EMC) has opened bullishly above the pivot of $24.70 today and has reached the first level of resistance at $24.88. Should the shares continue to rise, the resistance pivots of $25.15 and $25.60 will be of interest.

EMC (NYSE:EMC) has potential upside of 22.5% based on a current price of $24.83 and analysts' consensus price target of $30.42. EMC shares should encounter resistance at the 200-day moving average (MA) of $25.58 and support at the 50-day MA of $24.76.

Over the past year, EMC has traded in a range of $22.77 to $30.00 and is now at $24.83, 9% above that low. The 200-day and 50-day moving averages have moved 0.32% lower and 0.34% higher over the past week, respectively.

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

Keywords: pivot alerts

Ticker(s): EMC

Contact James Quinn



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