Specialty Materials Solutions Name with Relative Strength Near Highs
Ecolab (ECL) shares of the materials names are staying very strong and forming a high tight bull flag following solid earnings reported a few weeks ago and a lower beta name which is seeing money flow in the current markets. ECL provides water, hygiene, and infection prevention solutions and services in the United States and internationally. Piper upped its target to $310 this week and notes recent channel checks and updates to its global macro-outlook. ECL also saw insider buying this month with a director buying $106K in stock at $264/share even after the rally since earnings.