On Wednesday, Ecolab received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 72.
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This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Ecolab can continue to show renewed price strength and clear that threshold.
Ecolab has moved more than 5% past a 257.39 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 12% EPS growth last quarter, while sales growth came in at -2%. Look for the next report on or around Jul. 29.
Ecolab earns the No. 1 rank among its peers in the Soap & Cleaning Preparation industry group. Church & Dwight and Clorox are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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