The “Chart of the Day” is Ecolab (ECL), which showed up on Friday’s Barchart “All Time High” list. Ecolab on Friday posted a new all-time high of $58.13 and closed up 0.31%. TrendSpotter has been Long since Nov 30 at $57.02. In recent news on the stock, Ecolab on Dec 1 closed its merger with Nalco and raised its quarterly dividend to 14% to 20 cents per share. Goldman on Dec 2 resumed coverage on Ecolab with a Neutral rating. Ecolab, with a market cap of $17 billion, is the global leader in cleaning, sanitizing, food safety and infection control products and services.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “52-week Highs” page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
