Rockwell Automation (ROK) – DailyPlay for Tuesday June 19th, 2018

The bearish DailyPlay we chose for Tuesday, June 19th is Rockwell Automation (ROK). ROK is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 0.10% move lower and its 1m trend turned bearish yesterday while bouncing lower off its $76 resistance level.

Rockwell Automation’s 1m and 6m trends turned bearish yesterday and recently bounced lower off its $180 resistance level. With a technical score of 3 (out of 10), ROK is a weak stock that will likely trend lower.

View this Trade Idea on ROK

As a stop loss, if ROK was to trade above $180 for multiple days, this would invalidate our analysis and suggest getting out of the trade.