Rockwell Automation Inc

ROK is in a Stage 2 advancing regime with a clear medium-term uptrend, but the current pullback into the rising 9/20/50 EMA support zone suggests patience is warranted. We will look to buy on confirmation of acceptance at these EMAs rather than chasing the recent highs.

• ↑Q2 revenue reached $8.7 B, +12% YoY and +9% organic.
• ↑Adjusted EPS soared 30% YoY to $3.30; FCF $275 M.
• ↓Current price $469.77 vs DCF value ~$152, implying steep overvaluation.