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SmarTrend Watching for Potential Rebound in Shares of EMCOR Group After 1.27% Loss

By Nick Russo

EMCOR Group (NYSE:EME) traded in a range yesterday that spanned from a low of $62.33 to a high of $63.80. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $62.37 on volume of 223,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of EMCOR Group on January 9th, 2017 by issuing a Downtrend alert when the shares were trading at $68.60. Since that call, shares of EMCOR Group have fallen 7.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, EMCOR Group has traded in a range of $40.98 to $73.44 and is now at $62.69, 53% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Keywords: rebounders emcor group

Ticker(s): EME