Bearish Moving Average Cross by Ecolab (ECL)
Today, shares of Ecolab (NYSE:ECL) have crossed bearishly below their 10-day moving average of $119.22 on a volume of 273K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Ecolab share prices have been bracketed by a low of $98.62 and a high of $122.48 and are now at $118.07, 20% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.73% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Ecolab on March 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $109.95. Since that recommendation, shares of Ecolab have risen 10.0%. We continue to monitor ECL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ecolab