Rockwell Automation Inc. (NYSE:ROK) was a big mover last session, as its shares rose almost 6% on the day. The move came after the company reported better than expected results for fourth-quarter 2016 and offered upbeat outlook for fiscal year 2017. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $115.20 to $122.99 in the past one-month time frame.
Over the last 30 days, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Rockwell Automation currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the diversified machinery space is Fanuc Corporation (OTC:FANUY) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is ROK going up? Or down? Predict to see what others think: Up or Down
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
ROCKWELL AUTOMT (ROK): Free Stock Analysis Report
FANUC LTD (FANUY): Free Stock Analysis Report
Original post
Zacks Investment Research