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Ecolab Inc Set to Possibly Pullback After Yesterday's Rally of 1.32%

By Amy Schwartz

Ecolab Inc (NYSE:ECL) traded in a range yesterday that spanned from a low of $146.32 to a high of $148.16. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $147.86 on volume of 494,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Ecolab Inc share prices have been bracketed by a low of $110.65 and a high of $150.46 and are now at $147.96, 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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: rebounders ecolab inc

Ticker(s): ECL