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ABB Crosses Above its 10-day MA (ABB)

By Nick Russo

ABB (NYSE:ABB) shares have crossed bullishly above their 10-day moving average of $20.74 on a volume of 328K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of ABB have traded between a low of $15.74 and a high of $23.66 and are now at $21.00, which is 33% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 1.29% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of ABB on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.69. Since that recommendation, shares of ABB have risen 16.2%. We continue to monitor ABB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): ABB