Machinery Stocks Under Scanner — General Electric, ABB Ltd, Danaher, and Honeywell

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General Electric  

Shares in Boston, Massachusetts headquartered General Electric Co. (GE) saw a slight decline of 0.33%, ending Tuesday’s trading session at $27.36. The stock recorded a trading volume of 36.42 million shares, which was higher than its three months average volume of 31.48 million shares. The Company’s shares are trading 6.23% below their 50-day moving average. Moreover, shares of GE, which operates as an infrastructure and technology company worldwide, have a Relative Strength Index (RSI) of 30.01.

On May 08th, 2017, GE announced that it is developing its Center for Additive Technology Advancement in Pittsburgh, Pennsylvania into an externally focused “Customer Experience Center (CEC)” to accelerate the use of additive manufacturing with GE’s customers across several industries. With this transition, the $39-million Pittsburgh technology center, which opened in April 2016 to drive additive manufacturing within GE industrial operations, now joins a global network of CECs under the growing umbrella of GE Additive.

On May 12th, 2017, research firm Deutsche Bank downgraded the Company’s stock rating from ‘Hold’ to ‘Sell’ while revising its previous target price from $28 a share to $24 a share. Visit us today and download your complete report on GE for free at:

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ABB Ltd  

Zurich, Switzerland headquartered ABB Ltd.’s stock declined 0.08%, closing the day at $24.98 with a total trading volume of 711,696 shares. The Company’s shares have advanced 1.54% in the past month, 10.78% in the previous three…

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