Watch for Ecolab Inc to Potentially Rebound After Falling 2.58% Yesterday

Ecolab Inc (NYSE:ECL) traded in a range yesterday that spanned from a low of $188.52 to a high of $189.38. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $189.04 on volume of 77,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Ecolab Inc has traded in a range of $135.77 to $209.87 and is now at $189.01, 39% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 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.

Write to SmarTrend at cs@mysmartrend.com

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