ABB Ltd (ABB) : Traders are bullish on ABB Ltd (ABB) as it has outperformed the S&P 500 by a wide margin of 3.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.69%, 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 1.63% in the last 1 week, and is up 6.73% 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 7.05% and the 50-Day Moving Average is 7.18%. ABB Ltd. is up 4.79% in the last 3-month period. Year-to-Date the stock performance stands at 24.76%.
ABB Ltd (NYSE:ABB): stock turned positive on Friday. Though the stock opened at $21.24, the bulls momentum made the stock top out at $21.38 level for the day. The stock recorded a low of $21.165 and closed the trading day at $21.25, in the green by 0.85%. The total traded volume for the day was 1,697,206. The stock had closed at $21.07 in the previous days trading.
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.