EMR is a company that I would like to build a large position in and at these levels it just makes sense. It currently pays a 4.3% dividend that has been growing each year on average by 8.5% over the last decade. The company has been raising its dividend every year for over 50 years.
On the weekly chart below we are currently at a major support zone. The RSI is typically in a place that produces bottoms. On the daily chart above we had a bullish engulfing candlestick today. Also we have positve divergence on both the RSI and MACD. A break over the downtrend should produce some upward movement and likely bottom.