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Rockwell Automation Bullish Moving Average Crossover Alert (ROK)

By David Diaz

Rockwell Automation (NYSE:ROK) shares have crossed bullishly above their 10-day moving average of $160.25 on a volume of 105K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Rockwell Automation share prices have moved between a 52-week high of $165.00 and a 52-week low of $87.53 and are now trading 85% above that low price at $162.18 per share. 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 35.1%. 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