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Look for Shares of Ecolab Inc to Potentially Rebound after Yesterday's 1.85% Sell Off

Comtex SmarTrend(R) - Mon Nov 4, 12:13PM CST

Ecolab Inc (NYSE:ECL) traded in a range yesterday that spanned from a low of $190.18 to a high of $192.70. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $190.40 on volume of 247,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ecolab Inc share prices have moved between a 52-week high of $209.87 and a 52-week low of $135.77 and are now trading 41% above that low price at $191.50 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.6%.

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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