The bullish DailyPlay we chose for Friday April 28th is Rockwell Automation (ROK). ROK is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 2.57% move higher and its 1m and 6m trend has turned bullish on 4/20 and has recently broke higher above its $66 resistance level.
Rockwell Automation’s 1m and 6m trends turned bullish on 4/24 and recently broke above its $158 resistance level on high volume which now becomes support. With a technical score of 8 (out of 10), ROK is a strong bullish stock that looks to continue higher.
As a stop loss, if ROK was to trade below $158 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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