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Rockwell Automation Bearish Moving Average Crossover Alert (ROK)

By David Diaz

Rockwell Automation (NYSE:ROK) shares have crossed bearishly below their 10-day moving average of $118.91 on a volume of 270K shares. This may provide swing traders with 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 $117.56, 34% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 0.66% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Rockwell Automation on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $115.41. Since that recommendation, shares of Rockwell Automation have risen 4.5%. 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