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

By Nick Russo

Today, shares of Rockwell Automation (NYSE:ROK) have crossed bullishly above their 10-day moving average of $115.83 on a volume of 129K shares. This may provide swing traders with 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 $127.05 and a 52-week low of $87.53 and are now trading 34% above that low price at $117.41 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 is monitoring the recent change of momentum in Rockwell Automation. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rockwell Automation in search of a potential trend change.

Keywords: moving crosses Rockwell Automation

Ticker(s): ROK