ABB Ltd shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term. Investors have an opportunity to buy the stock and target the CHF 28.
This company will be of major interest to investors in search of a high dividend stock.
Sales forecast by analysts have been recently revised upwards.
Over the last twelve months, the sales forecast has been frequently revised upwards.
The tendency within the weekly time frame is positive above the technical support level at 24.43 CHF
Stock prices approach a strong long-term resistance in weekly data at CHF 26.92.
Technically, the stock approaches a strong medium-term resistance at CHF 27.07.
The group usually releases earnings worse than estimated.
The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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