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SmarTrend Watching for Potential Pullback in Shares of Ecolab Inc After 1.44% Gain

By Shiri Gupta

Ecolab Inc (NYSE:ECL) traded in a range yesterday that spanned from a low of $181.40 to a high of $182.74. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $180.86 on volume of 562,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ecolab Inc has traded in a range of $135.77 to $186.34 and is now at $182.14, 34% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.

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