[May 22, 2013] Watch for Emerson Electric to Potentially Rebound After Falling 1.51% Yesterday Tweet May 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- Emerson Electric (NYSE:EMR) traded in a range yesterday that spanned from a low of $57.63 to a high of $58.95. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $58.17 on volume of 4.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. SmarTrend recommended that subscribers consider buying shares of Emerson Electric on May 3rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.70. Since that recommendation, shares of Emerson Electric have risen 3.7%. We continue to monitor EMR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. In the past 52 weeks, shares of Emerson Electric have traded between a low of $43.59 and a high of $60.08 and are now at $57.89, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%. 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 [ Back To TMCnet.com's Homepage ]