Rockwell Automation, Inc.
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What I see...
+ Bullish Engulfing candle closed above 10MA on high vol.
+ Rising trendline provided further support from today's Low
+ MACD is in postive territory
+ RSI is at 60 and rising
- 50MA is still under 200MA
- MACD appears to be turning negative
- 1st Resistance at $200
What I setup...
+ Long entry above today's high
- Stop at -1w low
+ Target at 52w high
:: Duration - 2 to 6 sessions
Rock it! Rockwell Automation - LongWhat I see...
+ Bullish Engulfing on high vol. over yesterday's bar
+ Found support from upward trend line
+ Spiked up from earnings last week; gradually pulled back on lower vol.
+ Target is at all-time high
- Slight upper shadow from today's bar
- Long upper shadows from last week when it reached $200 (round zero resistance)
Setup...
Long entry above today's high
Short set under today's low
Target is at 52w high at approx. $210.
$ROK Breakout alert set for Rockwell AutomationEntry level $209 Target price $240 Stop loss $205
Major breakout possible.
Alert set for move above $207.50
1.58% short interest
P/E ratio 35.
Company profile
Rockwell Automation, Inc. engages in the provision of industrial automation and information services. It operates through the following segments: Architecture and Software, and Control Products and Solutions . The Architecture and Software segment contains hardware, software, and communication components of its integrated control and information architecture which are capable of controlling the customer's industrial processes and connecting with their business enterprise. The Control Products and Solutions segment combines a portfolio of intelligent motor control and industrial control products, application expertise, and project management capabilities. The company was founded in 1928 and is headquartered in Milwaukee, WI.
ROK approaching support, potential bounce! ROK is approaching our first support level at 152.43 (horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 179.39 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Short ROK to 120 (Its about to break)Once break the neckline, very soon it will drop to 120 area where volume was condensed.
TP: 120 P/L 28%
ROK Board of Directors Approves $1 Billion for Stock RepurchaseROK: Rockwell Automation, Inc.
2018-09-06 16:40:00
Rockwell Automation Board of Directors Approves $1 Billion for Common Stock Repurchase
$ROK at major support...do or die $ROK at major support...do or die. Higher time frames still bullish. Worth taking a risk here with a small risk only
Rockwell Automation: Listen. Think. Short !!!I don't particularly enjoy selling stocks that i think are a long term buy however its screaming at me to get short:
A. Bear Range Recoil
Range set from Jun-Oct'15 98.50-128.50. Broke south on first wk of this year.
B. Trend line support break
on the penultimate test of the lower range we broke a long term trend line set up from 2009.
C. We are sat under former resistance level at 118.50 and at the same time formed a H&S shape using the broken long term trend line as its neckline.
D. Break of 110.45 will set weekly leaf pattern (as well as taking out the neck line as mentioned in C).
This Trade Will Rock Your World, Rockwell Automation (NYSE:ROK)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.
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