ABB (ABB) NewsBite - ABB Is On the Move
Posted: Tuesday, February 09, 2010 10:38 AM EDT
By: Market Intelligence Center Staff
ABB (ABB) appears to be on the move today and is now at $17.90, up $0.60 (3.47%) on volume of 978,990 shares traded. Over the last 52 weeks the stock has ranged from a low of $10.88 to a high of $22.01. ABB stock has been showing support around $17.06 and resistance in the $17.78 range. Technical indicators for the stock are bullish and S&P gives ABB a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ABB the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE ABB (ABB) Stock ReportSee what our analysts have uncovered about ABB (ABB).