Shares of ABB Ltd (ABB) Sees Large Outflow of Money

ABB Ltd (ABB) : Thursdays money flow analysis of ABB Ltd (ABB) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $6.23 million. In comparison, the inflow of money on upticks was a meager $3.62 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.61 million. The uptick to downtick ratio of 0.58 in the money flow shows weakness. The uptick block trades were valued at $1.22 million. The downtick transaction value was high at $3.61 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.34. Hence, the net money flow in the stock was negative ($2.39 million). ABB Ltd (ABB) gained $0.3 at $19.93, a change of 1.54% over the previous days close.


The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 1.47%. Shares have dropped -7.28% 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 $20.41 and the 200 Day Moving Average price is recorded at $19.06.

ABB Ltd (NYSE:ABB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.00 and $19.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.95, notching a gain of 1.63% for the day. The total traded volume was 3,024,571 . The stock had closed at $19.63 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.

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