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Ecolab Bullish Moving Average Crossover Alert (ECL)

By Nick Russo

Ecolab (NYSE:ECL) shares have crossed bullishly above their 10-day moving average of $126.58 on a volume of 165K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Ecolab share prices have moved between a 52-week high of $129.85 and a 52-week low of $98.62 and are now trading 29% above that low price at $126.85 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Ecolab on January 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.06. Since that recommendation, shares of Ecolab have risen 3.6%. We continue to monitor ECL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ecolab

Ticker(s): ECL