TMCNet: Upgrade Alert for ABB (ABB)

[January 09, 2013]

Upgrade Alert for ABB (ABB)

Jan 09, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- ABB (NYSE:ABB) was upgraded from Hold to Buy at Societe Generale today. The stock closed yesterday at $20.87 on volume of 989,000 shares, below average daily volume of 1.5 million. ABB has overhead space with shares priced $20.87, or 5.6% below the average consensus analyst price target of $22.11. ABB shares have support at the 50-day moving average (MA) of $19.42 and additional support at the 200-day MA of $18.25.


ABB share prices have moved between a 52-week high of $21.95 and a 52-week low of $15.26 and closed yesterday at 37% above that low price at $20.87 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

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 is tracking the current trend status for ABB and will alert subscribers who have ABB in their portfolio or watchlist when shares have changed trend direction.

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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