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

ABB (ABBNY) was a big mover in the last session on higher-than-average volume, but the latest trend in earnings estimate revisions points to near-term headwinds. The article suggests the stock's recent strength may be difficult to sustain if analyst estimate momentum continues to weaken.

Analysis

ABB (ABBNY) was a big mover in the last session on higher-than-average volume, but the latest trend in earnings estimate revisions points to near-term headwinds. The article suggests the stock's recent strength may be difficult to sustain if analyst estimate momentum continues to weaken.