Emerson Electric $EMR Technical Update – Stock Traders Daily

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Emerson Electric $EMR Technical Update

The Emerson Electric (NYSE: EMR) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for EMR, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Strong Neutral
P1 76.13 70.68 66.99
P2 76.66 74.97 72.22
P3 76.92 79.04 77.04

Long Term Trading Plans for EMR

September 4, 2018, 2:15 pm ET

The Technical Summary and Trading Plans for EMR help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this EMR Report.

EMR – (Long) Support Plan

Buy over 72.22 target 77.04 stop loss @ 71.96.
The technical summary data tells us to buy EMR near 72.22 with an upside target of 77.04. This data also tells us to set a stop loss @ 71.96 to protect against excessive loss in case the stock begins to move against the trade. 72.22 is the first level of support below 75.98 , and by rule, any test of support is a buy signal. In this case, support 72.22 is being tested, a buy signal would exist.

EMR – (Short) Resistance Plan

Short under 77.04 target 72.22 stop loss @ 77.3
The technical summary data is suggesting a short of EMR as it gets near 77.04 with a downside target of 72.22. We should have a stop loss in place at 77.3 though. 77.04 is the first level of resistance above 75.98, and by rule, any test of resistance is a short signal. In this case, if resistance 77.04 is being tested, a short signal would exist.

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