Emerson Electric (EMR) NewsBite - EMR Upgraded By EVA Dimensions, LLC
Posted: Wednesday, March 10, 2010 2:27 PM EDT
By: Market Intelligence Center Staff
Emerson Electric (EMR) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $47.97, down $0.02 (-0.04%) on volume of 1,790,988 shares traded. EVA Dimensions, LLC upgraded the stock today to Overweight from Hold. Over the last 52 weeks the stock has ranged from a low of $25.34 in last March to a high of $48.89 in this month. Emerson Electric stock has been showing support around $47.42 and resistance in the $48.48 range. Technical indicators for the stock are neutral and S&P gives EMR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on EMR the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]
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