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Rockwell Automation Bearish Moving Average Crossover Alert (ROK)

By Nick Russo

Today, shares of Rockwell Automation (NYSE:ROK) have fallen below their 10-day MA of $161.75 on a volume of 130K 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, shares of Rockwell Automation have traded between a low of $87.53 and a high of $165.39 and are now at $161.29, which is 84% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Rockwell Automation on September 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $118.43. Since that recommendation, shares of Rockwell Automation have risen 36.9%. 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

Ticker(s): ROK