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Support Levels When It Drops Like ROK

|Includes:Rockwell Automation, Inc. (ROK)

This morning, the leading provider of industrial automation power, control, and information solutions Rockwell Automation (NYSE:ROK) is coming under sharp selling pressure. The company reported earnings that were below expectations. Traders and investors should note that Rockwell Automation (NYSE:ROK) stock has now fallen below its important 200-day moving average. The current formation puts the stock in a weak technical position on the charts. Swing traders should now watch for near term support around the $110.24 level. There will also be more support around the $104.58, and $98.90 levels should the stock decline further.

Nick Santiago

Stocks: ROK