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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...
What 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...
Entry 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...
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...
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...
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...
