Parm

This Trade Will Rock Your World, Rockwell Automation (NYSE:ROK)

NYSE:ROK   ROCKWELL AUTOMATION INC
32 0 0
A few weeks ago Rockwell Automation             (NYSE:ROK) came out with earnings and the stock got rocked. It had a single day decline of over 5% and shareholders of this name were none to pleased. The share price of the industrial automation company continued to fall for another couple of days before finding a low at $109.80. Since that low was put in, Rockwell Automation             (NYSE:ROK) stock has slowly clawed its way back and has nearly gained back everything it lost on earnings day. This is where I see a potential for a great short trade to profit from. If this stock continues to rise, the level I have isolated as an entry point to short is $120.50. That is roughly the area where the breakdown occurred and also the 50MA is sloping down and will act as good resistance. If this trade does trigger, investors could see Rockwell Automation             (NYSE:ROK) stock fall down to $115.50 rather quickly.

Come trade with us as we provide calls like these from the past month and more. Get our live trades exactly when we enter and exit the markets for profit... step inside the Elite Round Table now and don't look back!

Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader
Join the Elite Round Table on Facebook            
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out