[May 15, 2012] Next Resistance Level for EMC (EMC) is $26.58 Tweet May 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- EMC (NYSE:EMC) has opened bullishly above the pivot of $26.12 today and has reached the first level of resistance at $26.34. Should the shares continue to rise, the resistance pivots of $26.58 and $27.04 will be of interest. Over the past year, EMC has traded in a range of $19.84 to $30.00 and is now at $26.33, 33% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%. EMC has overhead space with shares priced $26.33, or 21.6% below the average consensus analyst price target of $33.57. The stock should hit resistance at its 50-day moving average (MA) of $28.55, as well as support at its 200-day MA of $24.71. SmarTrend recommended that its subscribers protect gains by selling shares of EMC on April 23rd, 2012 by issuing a Downtrend alert when the shares were trading at $27.54. Since that call, shares of EMC have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 ]