Ecolab share is listed on US Stock market and its technical chart indicates that it is finding strong trend line resistance at current levels so as long as it holds below its trend line bears will be favored and correction can be seen but once it closes and holds above its trend line then further price rise can be seen in coming days.
Its macd indicator is moving in positive zone and above level zero this will favor bulls if stock holds above its trend line resistance.
Stock finding strong trend line resistance at current levels, technical indicates sharp rise can be seen once stock closes and holds above its trend line resistance. If fails to hold above then correction can be seen in us stock Carnival corporation.
Recent bull candle comes with an increasing volume this indicates bulls are currently active in this stock.
ABBOTT Labs stock indicates that it is moving up from 100 DMA this will favor bulls as long as it holds above.
But now stock is finding strong trend line resistance at higher levels once it closes and holds above then further price rise can be seen in this stock.
Even its major trend indicators are turned positive this indicates further price rise action can be seen in coming days.
Nasdaq Composite Update - 17- 03 -16
Market Close Report: NASDAQ Composite index closes at 4,774.99 up 11.02 points.
Thursday's session closes with the NASDAQ Composite Index at 4,774.99. The total shares traded for the NASDAQ was over 1.85 billion.
Advancers stocks led declining by 2.17 to 1 ratio. There were 1954 advancers and 901 decliners for the day. On the NASDAQ Stock Exchange 42 stocks reached a 52 week high and 30 reaching lows.
The NASDAQ 100 index closed down -.09% for the day; a total of -3.94 points. The current value is 4,400.26.
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