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SmarTrend Watching for Potential Pullback in Shares of Rockwell Automat After 1.34% Gain

By Shiri Gupta

Rockwell Automat (NYSE:ROK) traded in a range yesterday that spanned from a low of $164.17 to a high of $167.53. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $163.87 on volume of 574,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Rockwell Automat. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rockwell Automat in search of a potential trend change.

Over the past year, Rockwell Automat has traded in a range of $141.46 to $198.23 and is now at $166.12, 17% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

Keywords: rebounders rockwell automat

Ticker(s): ROK