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Watch for Emerson Elec Co to Potentially Pullback After Gaining 1.26% Yesterday

By James Quinn

Emerson Elec Co (NYSE:EMR) traded in a range yesterday that spanned from a low of $71.61 to a high of $72.93. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $72.73 on volume of 1.3 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 monitoring the recent change of momentum in Emerson Elec Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Emerson Elec Co in search of a potential trend change.

In the past 52 weeks, shares of Emerson Elec Co have traded between a low of $48.45 and a high of $74.45 and are now at $72.77, which is 50% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

Keywords: rebounders emerson elec co

Ticker(s): EMR