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Technical Analysis
- 11/18/2009 8:53:57 AM
By Chip Brian, SmarTrend Analytics Team
Rockwell Automation (NYSE:ROK) upgraded to Overweight, $53 target, at HSBC. The stock closed yesterday at $45.19 on volume of 924,000 shares, below average daily volume of 1,429,410.
Rockwell Automation is currently above its 50-day moving average of $42.73 and above its 200-day moving average of $33.75.
SmarTrend is bullish on shares of ROK and our subscribers received an Uptrend alert on July 15, 2009 at $33.69, which has returned 34.2% to date.
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