Nalco Holding (NYSE:NLC) reiterated Buy, target raised to $33 from $31, at Citigroup. The stock closed yesterday at $24.62 on volume of 1,667,000 shares, above the average daily volume of 1,126,387.
In the past 52-weeks, shares of Nalco Holding have traded between a low of $16.5 and a high of $29.25 and are now at $24.62, which is 49.2% above that low price.
Nalco Holding is currently above its 50-day moving average (MA) of $22.36 and above its 200-day MA of $23.61. In the last five trading sessions, the 50-day MA has fallen 0.1% while the 200-day MA has risen 0.35%.
Nalco Holding Co. provides integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications. The Company's products and services are used in water treatment applications to prevent corrosion, contamination and the buildup of harmful deposits, or in production processes to enhance process efficiency.