The Relative Strength (RS) Rating for Ecolab entered a higher percentile Wednesday, as it got a lift from 62 to 73.
This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating of at least 80 as they launch their largest climbs. See if Ecolab can continue to show renewed price strength and hit that benchmark.
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Ecolab broke out earlier, but has fallen back below the prior 262.61 entry from a flat base. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also understand that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings growth slowed last quarter from 19% to 17%. But revenue moved higher, from 1% to 2%.
The company holds 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.
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