Do Traders Think ABM Industries, Inc. (ABM) Can Keep Climbing Friday?

Overall market sentiment has been high on ABM Industries, Inc. (ABM) stock lately. ABM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

ABM Industries, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ABM!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ABM Stock Today?

ABM Industries, Inc. (ABM) stock has risen 0.79% while the S&P 500 has fallen -0.14% as of 11:07 AM on Friday, Jul 16. ABM is higher by $0.37 from the previous closing price of $46.57 on volume of 207,285 shares. Over the past year the S&P 500 has risen 34.94% while ABM is higher by 30.97%. ABM earned $3.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.79. To see InvestorsObserver's Sentiment Score for ABM Industries, Inc. click here.

More About ABM Industries, Inc.

ABM Industries is a provider of integrated facility solutions. It offers its solutions through five segments: business and industry, aviation, technology and manufacturing, education, and technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America. Click Here to get the full Stock Report for ABM Industries, Inc. stock.