TMCNet: ABB Down 16.9% Since SmarTrend Downtrend Call (ABB)

[July 20, 2012]

ABB Down 16.9% Since SmarTrend Downtrend Call (ABB)

Jul 20, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for ABB (NYSE:ABB) on March 6th, 2012 at $19.50. In approximately 5 months, ABB has returned 16.85% as of today's recent price of $16.21.

ABB share prices have moved between a 52-week high of $25.45 and a 52-week low of $15.26 and are now trading 6% above that low price at $16.21 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.


ABB Limited provides power and automation technologies. The Company operates under segments that include power products, power systems, automation products, process automation and robotics.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of ABB.

Log in and add ABB (ABB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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