Eye on ROK, HP, HTZ, SFD  RSS

by Sinisa Persich, TraderHR.com, Mon November 26th, 2012

Rockwell Automation (ROK), with a move up 99 cents to 78.39 on Friday, has peeked above the top of a bullish flag pattern it has been in for the last three weeks. The stock in late October broke out of a multi-month consolidation, rising from 68.73 to 78.92 in two weeks before the recent flag, and now looks poised to continue the up move.

Helmerich & Payne Inc. (HP) is in a bullish flag after a recent 3-session move from 46 to 51 1/2, and right near a resistance line that has contained prices on three occasions in the last three months. A break above 52 could lead to a next test of resistance going to back to April in the 55 area.

Hertz Global Holdings, Inc. (HTZ) is approaching its resistance line in the 15 area going back three months, a break of which could test its May high above 16. The stock is in a four-year uptrend off its low of 1.55 in November 2008.

Smithfield Foods, Inc. (SFD) is in a bullish flag in the 22 area, and looks poised to continue its steady up move since a low in the 17 3/4 area in early August. A move above this level would take it to highs last reached in April, with next key resistance at 25 last reached in December and before that in July 2008.