ROK dominated by bulls lifting the market higher throughout the day
Rockwell Automation Inc. (ROK) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, ROK ended the week 4.41% higher at 191.60 after surging $3.23 (1.71%) today. This is the biggest single day gain in over a month. Today's closing price of 191.60 marks the highest close since February 2nd. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 188.48, the market confirms its breakout through the previous session's high having traded $3.43 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (ROK as at Sep 14, 2018):
Friday's trading range was $3.12 (1.65%), that's far above last trading month's daily average range of $2.29. Weekly volatility is also higher, being above the markets average with the monthly volatility being above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.