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Rockwell Automation Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Rockwell Automation (NYSE:ROK) traded today at a new 52-week high of $165.39. So far today approximately 76,000 shares have been exchanged, as compared to an average 30-day volume of 808,000 shares.

Rockwell Automation share prices have moved between a 52-week high of $165.39 and a 52-week low of $87.53 and are now trading 89% above that low price at $165.00 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

Rockwell Automation, Inc. is a global provider of industrial automation power, control, and information solutions. The Company's products include Low voltage and medium voltage electro-mechanical and electronic motor starters, motor and circuit protection devices, AC/DC variable frequency drives, contactors, push buttons, signaling devices, termination and protection devices, and relays.

Based on a current price of $165.00, Rockwell Automation is currently 6.3% above its average consensus analyst price target of $154.56. The stock should find initial support at its 50-day moving average (MA) of $111.52 and further support at its 200-day MA of $106.32.

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 38.6%. We continue to monitor ROK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Rockwell Automation

Ticker(s): ROK