This Hot Stock Has Made 9 New Highs This Month

Rockwell Automation (ROK) hit a new 52-week high on July 24.
Shares show strong momentum and are trading above key moving averages.
ROK has a 100% technical “Buy” signal via Barchart.
Rockwell shares are up 28% over the past year and 23% in the year to date.

Valued at $39.9 billion, Rockwell Automation (ROK) provides industrial automation and information solutions worldwide. Its brands include Rockwell Automation, Allen-Bradley, and Rockwell Software.

I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. ROK checks those boxes. Since the Trend Seeker signaled a buy on May 8, the stock has gained 21.51%.

ROK Price vs. Daily Moving Averages:

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

Rockwell Automation shares hit a new 52-week high on July 24, touching $360.92 in intraday trading. Shares are currently 2% off that high.

ROK has a 100% technical “Buy” signal.
The stock recently traded at $352.96, above its 50-day moving average of $331.56.
Rockwell Automation has a Weighted Alpha of +44.83.
The stock has gained 28.43% over the past year.
ROK has its Trend Seeker “Buy” signal intact.
Rockwell Automation is trading above its 20, 50 and 100-day moving averages.
The stock made nine new highs and gained 6.49% in the last month.
Relative Strength Index is at 61.94%.
The technical support level is $351.05.