Strategy published on : 01/12/2018 | 08:52
long tradeStop-loss triggered
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.
Investors have an opportunity to buy the stock and target the CHF 28.
● 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
● 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.