ABB Ltd
ABBN
Delayed Swiss Exchange - 01/19 05:31:22 pm
26.98CHF
+0.6%

Good timing to anticipate a continuation of the trend

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Anas Lozach
Analyst

Strategy published on : 01/12/2018 | 08:52

long trade
Live

Entry price : 26.99CHF
Target : 28CHF
Stop-loss : 26.4CHF
Potential : 3.74%

ABB Ltd shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Strengths

● This company will be of major interest to investors in search of a high dividend stock.

● Sales forecast by analysts have been recently revised upwards.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● The tendency within the weekly time frame is positive above the technical support level at 24.43 CHF


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at CHF 26.92.

● Technically, the stock approaches a strong medium-term resistance at CHF 27.07.

● The group usually releases earnings worse than estimated.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

Zonebourse.com 2018
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