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Watch for Ecolab Inc to Potentially Pullback After Gaining 1.44% Yesterday

By Nick Russo

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.

In the past 52 weeks, Ecolab Inc share prices have been bracketed by a low of $135.77 and a high of $186.34 and are now at $182.14, 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.

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