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Rockwell Automation Crosses Above its 10-day MA (ROK)

By Amy Schwartz

Rockwell Automation (NYSE:ROK) shares have crossed bullishly above their 10-day moving average of $156.34 on a volume of 131K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $165.00 and are now at $158.15, 81% above that low price. Over the past week, 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 31.5%. 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