ABB Ltd (NYSE:ABB): $0.2 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.26. The value of trades done on upticks was $0.96 million, whereas, trades done on downticks were valued at $0.76 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.45 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.33 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 1.36 was strongly in favor of the bulls. The money flow in block trades was $0.12 million. ABB Ltd (NYSE:ABB) fell $0.07 traded at $19.26, a change of -0.36% over the previous day. The stock is -3.12% for the week.
Institutional Investors own 3.22% of ABB Ltd shares.
The company shares have dropped -7.38% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $21.64 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.63 and the 200 Day Moving Average price is recorded at $18.96. ABB Ltd (NYSE:ABB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.26 and $19.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.44, notching a gain of 0.57% for the day. The total traded volume was 2,341,722 . The stock had closed at $19.33 on the previous day.
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.