No... not exactly. ( at NPM>=12.x)
you still have to trigger an alert, but you can set the reset action so the alert clears automatically:
Make sure your trigger condition only triggers ONCE when you want it to, or you will be spamming someone's mailbox.
You can also add email actions from the Trap and Syslog viewers on the servers, but thos applications need some love from the developers, so I'd not recommend them.