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Tickers in this Article: EMR
New York, August 13th (TradersHuddle.com) -Emerson Electric Co. (NYSE:EMR) closed the trading session at $51.25 near its 200 day moving average set at $49.07. Emerson's price action is just above this key support level, grabbing traders' attention for a possible trading opportunity.Emerson Electric Co. (NYSE:EMR) manufactures and markets electrical, electromechanical, and electronic products and systems. The Company produces a variety of products, including process control, industrial automation, electronics, appliance components, and electric motors. The company was founded in 1890 and is based in St. Louis, Missouri.

The latest price action range, defined by a peaks and troughs algorithm, places calculated support at $45.01 and resistance at $51.10. These levels will provide insight for the stock's latest price dynamics.

Traders wanting to establish a position on Emerson will look for evidence of buying near the 200 day moving average, before opening the position as close as possible to this key technical level. Also, they need to consider the latest range defined by the calculated support and resistance levels for insights on other key levels that might have an effect on future price movements.

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