With Rockwell Automation, Inc. (NYSE:ROK) Shares Moving -0.94%, Is now the time to Enter?

Shares of Rockwell Automation, Inc. (NYSE:ROK) in the Industrial Goods sector currently have a short ratio of 3.19, with 116.23 shares float. According to the latest earnings report, Rockwell Automation, Inc.  has a return on investment of 31.60%, return on assets of 16.80% and a current ratio of 1.5.  Analysts on wall street have taken this information into consideration and have determined a 12 month price target on a consensus basis of 162.83 on the stock.   Rockwell Automation, Inc. has been trading publicly since 12/31/1981 and sees 888.54 shares trade hands each day on an average basis. 

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Shaers of Rockwell Automation, Inc. (NYSE:ROK) have been tagged as a potential long term growth pick.  With the firm’s stock price currently trading around $171.99, the firm has proven a solid track record of growth over the recent years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 9.60% earnings per share growth over the past 5 years and 1.00% revenue growth over that same time frame. 

Investors and traders using technical analysis to study stocks may be looking at the ATR or Average True Range. Presently, Rockwell Automation, Inc. (NYSE:ROK) has a 14-day ATR of 3.93. The Average True Range is an investor tool used to gauge stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Rockwell Automation, Inc. (NYSE:ROK)’s Williams Percent Range or 14 day Williams %R is resting at -39.35. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

Investors may use multiple technical indicators to help spot trends and buy/sell signals. Presently, Rockwell Automation, Inc. (NYSE:ROK) has a 14-day Commodity Channel Index (CCI) of 30.86. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.

The Average Directional Index or ADX is a popular technical indicator designed to help measure trend strength. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. Presently, the 14-day ADX for Rockwell Automation, Inc. (NYSE:ROK) is 26.15. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone was designed to measure trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well.

Taking a peek at some Moving Averages, the 200-day is at 166.31, the 50-day is 162, and the 7-day is sitting at 174.59. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.

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