ABB Ltd (ABB) : Traders are bullish on ABB Ltd (ABB) as it has outperformed the S&P 500 by a wide margin of 4.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.18%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.69% in the last 1 week, and is up 4.27% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.4% and the 50-Day Moving Average is 7.16%.The 200 Day SMA reached 18.24%. ABB Ltd. is up 8.95% in the last 3-month period. Year-to-Date the stock performance stands at 30.4%.
ABB Ltd (NYSE:ABB): After opening at $22.15, the stock dipped to an intraday low of $22.09 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $22.25 and the buying power remained strong till the end. The stock closed at $22.21 for the day, a gain of 0.63% for the day session. The total traded volume was 1,922,964. The stocks close on the previous trading day was $22.07.
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, transmission and distribution of electricity. The Company operates in approximately 100 countries.