The Hourly View for ROP
At the moment, ROP (Get Ratings)’s price is up $2.06 (0.49%) from the hour prior. The hourly chart shows that ROP has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
ROP’s Technical Outlook on the Daily Chart
At the time of this writing, ROP’s price is up $3.59 (0.86%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows ROP’s price action over the past 90 days.
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The post Roper Technologies Inc (ROP): Price Now Near $422.59; Daily Chart Shows An Uptrend on 20 Day Basis appeared first on ETF Daily News.
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