Emerson Electric (EMR) NewsBite - EMR Moving Higher Following Q4 Results

Posted: Tuesday, November 03, 2009 2:09 PM EDT

Emerson Electric (NYSE: EMR) opened at $38.26. So far today, the stock has hit a low of $38.09 and a high of $39.46. EMR is now trading at $38.82, up $.67 (1.76%). The stock hit its 52-Week high of $41.65 in September and set its 52-Week low of $24.39 in March. The stock is trading up today after this morning fiscal fourth quarter earnings report. Analysts had been expecting to see the company post earnings of 60 cents per share, but the company posted actual earnings of 67 cents per share. 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 January out-of-the-money bull-put credit spread below the 34 range. [ABR-Seven Summits Strategic Investments NewsBite]

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