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SmarTrend Watching for Potential Rebound in Shares of Emerson Elec Co After 3.81% Loss

By Amy Schwartz

Emerson Elec Co (NYSE:EMR) traded in a range yesterday that spanned from a low of $63.15 to a high of $64.20. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $65.58 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Emerson Elec Co share prices have been bracketed by a current low of $63.15 and a high of $79.70 and are now at $63.15. The 200-day and 50-day moving averages have moved 0.09% lower and 0.89% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Emerson Elec Co on October 10th, 2018 by issuing a Downtrend alert when the shares were trading at $74.64. Since that call, shares of Emerson Elec Co have fallen 12.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders emerson elec co

Ticker(s): EMR