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Shares of Ecolab Inc Rise Above Previous 52-Week High

By David Diaz

Ecolab Inc (NYSE:ECL) traded at a new 52-week high today of $156.75. Approximately 66,000 shares have changed hands today, as compared to an average 30-day volume of 891,000 shares.

Ecolab Inc. is a global provider of water, hygiene, and energy technologies and services for customers in foodservice, food processing, hospitality, healthcare, industrial, and oil and gas markets. The Company's services include water treatments, cleaning and sanitizing solutions, pest elimination, and kitchen repair and maintenance services.

Over the past year, Ecolab Inc has traded in a range of $125.74 to $156.75 and is now at $156.14, 24% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

Ecolab Inc (NYSE:ECL) is currently priced 2.9% above its average consensus analyst price target of $151.67. The stock should find initial support at its 50-day moving average (MA) of $146.57 and further support at its 200-day MA of $140.75.

SmarTrend recommended that subscribers consider buying shares of Ecolab Inc on August 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $147.65. Since that recommendation, shares of Ecolab Inc have risen 6.0%. We continue to monitor ECL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ecolab inc

Ticker(s): ECL