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Tale of the Tape

Zacks Equity Research

Is This the Top for ABB Ltd (ABB)
September 19, 2013


Trades from $3
ABB Ltd (ABB - Analyst Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ABB is now in overbought territory with an RSI value of 71.30. Furthermore, estimates for the ABB ltd. have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.