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.
Source
This post was brought to you by Wrk. Our bot looks for news related to automation and post daily.
