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Look for Shares of Ecolab Inc to Potentially Pullback after Yesterday's 2.32% Rise

By James Quinn

Ecolab Inc (NYSE:ECL) traded in a range yesterday that spanned from a low of $141.29 to a high of $144.60. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $142.13 on volume of 577,000 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 $144.57 and are now at $144.35, 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Ecolab Inc on March 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $134.35. Since that recommendation, shares of Ecolab Inc have risen 5.1%. We continue to monitor ECL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ecolab inc

Ticker(s): ECL