Strength Seen in ABB (ABBNY): Can Its 6.0% Jump Turn into More Strength?

ABB (ABBNY) was a big mover last session on above-average volume, indicating notable trading interest in the name. However, the latest trend in earnings estimate revisions suggests limited near-term upside and could pressure the stock after the recent move higher. The article is more of a cautionary technical/analyst signal than a fundamental catalyst.

Analysis

ABB (ABBNY) was a big mover last session on above-average volume, indicating notable trading interest in the name. However, the latest trend in earnings estimate revisions suggests limited near-term upside and could pressure the stock after the recent move higher. The article is more of a cautionary technical/analyst signal than a fundamental catalyst.