OptionsPlay DailyPlay

The bearish DailyPlay we chose for Friday September 18th is Rockwell Automation Inc (ROK). ROK is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 3.42% move lower as both trends remain bearish and resistance at $52.30.

Rockwell Automation Inc has been in a strong bearish trend since August 2015 as it recently bounced lower off its $108 minor resistance level with negative momentum. With a technical score of 5 (out of 10), ROK looks positioned to continue this strong bearish trend lower towards $98.55.

View this Trade Idea on $ROK