Rockwell Automation Bearish Moving Average Crossover Alert (ROK)
Rockwell Automation (NYSE:ROK) crossed under its 10-day moving average of $115.79 on a volume of 207K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Rockwell Automation share prices have been bracketed by a low of $87.53 and a high of $127.05 and are now at $114.97, 31% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 1.10% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Rockwell Automation on January 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.73. Since that recommendation, shares of Rockwell Automation have risen 22.4%. We continue to monitor ROK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Rockwell Automation