TMCnet News
After Yesterday's Rally of 1.45% Shares Could Potentially PullbackFeb 01, 2013 (SmarTrend(R) News Watch via COMTEX) -- Emerson Electric (NYSE:EMR) traded in a range yesterday that spanned from a low of $57.53 to a high of $58.30. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $57.66 on volume of 3.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. In the past 52 weeks, Emerson Electric share prices have been bracketed by a low of $43.59 and a high of $58.30 and are now at $58.08, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.3%. SmarTrend recommended that subscribers consider buying shares of Emerson Electric on December 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.93. Since that recommendation, shares of Emerson Electric have risen 12.4%. We continue to monitor EMR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |