OptionsPlay DailyPlay

The bearish DailyPlay we chose for Wednesday January 6th is Ecolab Inc (ECL). ECL is part of the Materials Sector (XLB). Over the last month, XLB has experienced a 6.72% move lower and it’s 1m and 6m trend just turned bearish on 12/11 while breaking below its $44 support area.

Ecolab Inc’s 1m and 6m trends turned bearish on 12/31 and recently bounced lower off its $115 minor resistance area. With a technical score of 2 (out of 10), ECL looks positioned to continue this strong bearish trend lower.

Click here to View this Trade on $ECL