Rockwell Automation, Inc. (ROK) has become oversold, entering into oversold territory using the Relative Strength Index (RSI), a technical analysis indicator used to measure momentum on a scale of zero to 100. The companys recent annualized dividend of 5.24/share (currently paid in quarterly installments) works out to an annual yield of 2.01% based on the recent $260.86 share price. This could be seen as a sign that ROKs recent heavy selling is in the process of exhausting itself, leading to potential entry points on the buy side.
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