Emerson Electric (EMR) Recently Broke Out Above the 52-Day Moving Average!

Emerson Electric (EMR) reached a significant support level and could be a good pick for investors from a technical perspective. Recently, EMR broke through the 50-day moving average, which suggests a short-term bullish trend.

The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or downtrend.

Shares of EMR have been moving higher over the past four weeks, up 12.6%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that EMR could be poised for a continued surge.

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