Ecolab (ECL) : Traders are bullish on Ecolab (ECL) as it has outperformed the S&P 500 by a wide margin of 1.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.26% in the last 1 week, and is up 2.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Ecolab Inc. is up 5.49% in the last 3-month period. Year-to-Date the stock performance stands at 8.01%. The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 2.39%.
Ecolab (NYSE:ECL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $121.93 and $121.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $122.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $122.77, notching a gain of 0.31% for the day. The total traded volume was 803,246 . The stock had closed at $122.39 on the previous day.
Also, Equity analysts at the Brokerage firm Stifel Nicolaus downgrades its rating on Ecolab (NYSE:ECL). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 3, 2016.
Ecolab Inc. provides water, hygiene and energy technologies and services. The Company operating segments include Global Industrial, Global Institutional, Global Energy and Other. The Companys Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units. The Global Energy segment provides on-site, technology-driven solutions to the global drilling, oil and gas production, refining, and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Companys cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, Government and education, retail, textile care and commercial facilities management sectors in over 170 countries.