Emerson Electric (EMR) NewsBite - Emerson Falls on Downgrade
Tue. August 26, 2008; Posted: 11:36 AM
Aug 26, 2008 (Fresh Brewed Media via COMTEX) --
EMR |
Quote |
Chart |
News |
PowerRating -- Emerson Electric (NYSE:
EMR |
Quote |
Chart |
News |
PowerRating) opened at $46.98. So far today, the stock has hit a low of $45.96 and a high of $47.35. EMR is now trading at $46.36, down $0.79 (-1.68%). The stock hit its 52-Week high of $59.05 in December and set its 52-Week low of $44.87 in January. Shares of Emerson Electric have been falling into the red after a Robert W. Baird analyst downgraded the stock to "Neutral" from "Outperform." Technical indicators for the stock are bullish and S&P gives EMR a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on EMR the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 50 range.
ABR-Seven Summits Strategic Investments NewsBite
Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
For full details on Emerson Electric Co (EMR)
click here. Emerson Electric Co (EMR) has Short Term PowerRatings of 4. Details on Emerson Electric Co (EMR) Short Term PowerRatings is available at
This Link.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
