<$BlogageTitle$>

The Steady Return Stock we spotted today is ABB Ltd. (ABB), the Zurich, Switzerland based power transmission and power plant automation service company. Today the stock was upgraded by JP Morgan, the second analyst upgrade for the year. And for the year the stock has went doubled from $6.29 at beginning of last May to almost $13 today. Moreover if you take a detail look at the one year chart the stock shows the following characteristics of a steady rising and low risk stock:

first of all both 50 day and 200 day moving average have been rising steadily for the past 52 weeks. Since the beginning of this year both 50 day and 200 day moving averages seem to be going up stronger.
secondly both 50 day and 200 day moving average have been going up at similar angle. This is another safe sign for the stock.
the stock for the past 52 weeks stay relatively close to the 50 day moving average. Despite weakness last July and last October, the stock stay up closely to 50 day moving average. The recent correction is bringing the stock back near 50 day moving average again and should be a good time to buy the stock.

The financial statement also looks healthy as the company has been getting revenue growth for the past few years. In addition the net loss has reduced significantly from $779 million in 2004 to only $35 million in 2005. Since the company has $3.6 billion in cash it should be able to cover the net loss easily as the company also use the money to buy back stocks and reducing loans.

Steady Return Stock Rating(1 ~ 5, 5 means highest):
1. News Buzz: 5
2. Market Potential(Energy Equipment): 4
3. Technical: 5
4. Financial: 5
Overall Rating: A+