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Shares of Ecolab Inc Rise to a New 52-Week High

By Shiri Gupta

Ecolab Inc (NYSE:ECL) traded at a new 52-week high today of $186.20. Approximately 77,000 shares have changed hands today, as compared to an average 30-day volume of 963,000 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.

In the past 52 weeks, shares of Ecolab Inc have traded between a low of $135.77 and a high of $186.20 and are now at $185.19, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.4%.

Based on a current price of $185.19, Ecolab Inc is currently 18.1% above its average consensus analyst price target of $151.67. The stock should find initial support at its 50-day moving average (MA) of $172.09 and further support at its 200-day MA of $155.97.

SmarTrend is tracking the current trend status for Ecolab Inc and will alert subscribers who have ECL in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows ecolab inc

Ticker(s): ECL