What’s US Ecology, Inc. (ECOL) Downside After Forming Wedge Down Chart Pattern?

Investors sentiment increased to 1.76 in 2018 Q4. Its up 0.44, from 1.32 in 2018Q3. It is positive, as 18 investors sold US Ecology, Inc. shares while 32 reduced holdings. 32 funds opened positions while 56 raised stakes. 18.73 million shares or 2.26% more from 18.32 million shares in 2018Q3 were reported.
Price T Rowe Md holds 621,716 shares. Riverhead Capital invested 0.01% of its portfolio in US Ecology, Inc. (NASDAQ:ECOL). Sei Invests holds 2,995 shares or 0% of its portfolio. Royal Comml Bank Of Canada accumulated 1,173 shares. Parkside Bancshares & holds 15 shares or 0% of its portfolio. Fayez Sarofim Co reported 15,606 shares. Vanguard Inc holds 1.35 million shares. Envestnet Asset Management accumulated 3,781 shares. Geode Management Llc invested in 0% or 254,447 shares. Morgan Stanley reported 144,275 shares. Brown Brothers Harriman Company holds 200 shares or 0% of its portfolio. Manufacturers Life Insur The holds 13,130 shares or 0% of its portfolio. Chatham Capital Grp Incorporated owns 30,494 shares or 0.53% of their US portfolio. State Board Of Administration Of Florida Retirement Systems accumulated 13,094 shares. Comml Bank Of Montreal Can owns 997 shares or 0% of their US portfolio.

Since November 15, 2018, it had 0 buys, and 1 sale for $847,392 activity.

The stock of US Ecology, Inc. (ECOL) formed a down wedge with $54.49 target or 5.00 % below today’s $57.36 share price. The 7 months wedge indicates high risk for the $1.27B company. If the $54.49 price target is reached, the company will be worth $63.30M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.19% or $0.11 during the last trading session, reaching $57.36. About 25,655 shares traded. US Ecology, Inc. (NASDAQ:ECOL) has risen 9.35% since May 8, 2018 and is uptrending. It has outperformed by 4.98% the S&P500.

Analysts await US Ecology, Inc. (NASDAQ:ECOL) to report earnings on August, 1. They expect $0.61 EPS, 0.00 % or $0.00 from last year’s $0.61 per share. ECOL’s profit will be $13.46 million for 23.51 P/E if the $0.61 EPS becomes a reality. After $0.22 actual EPS reported by US Ecology, Inc. for the previous quarter, Wall Street now forecasts 177.27 % EPS growth.

US Ecology, Inc. (NASDAQ:ECOL) Ratings Coverage

Among 3 analysts covering US Ecology (NASDAQ:ECOL), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. US Ecology had 8 analyst reports since November 20, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, April 4 by UBS. The firm has “Buy” rating by Stifel Nicolaus given on Monday, February 25. The company was maintained on Monday, February 25 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Market Perform” rating in Tuesday, November 20 report. The firm has “Sell” rating by UBS given on Tuesday, February 26.

More notable recent US Ecology, Inc. (NASDAQ:ECOL) news were published by: Nasdaq.com which released: “Friday Sector Laggards: Waste Management, Music & Electronics Stores – Nasdaq” on May 03, 2019, also Finance.Yahoo.com with their article: “Is Central Puerto S.A. (CEPU) A Good Stock To Buy? – Yahoo Finance” published on April 29, 2019, Globenewswire.com published: “US Ecology, Inc. Strengthens Gulf Coast Offerings and Increases Emergency Response Capabilities with Acquisition of ES&H Dallas – GlobeNewswire” on September 04, 2018. More interesting news about US Ecology, Inc. (NASDAQ:ECOL) were released by: Nasdaq.com and their article: “Sail Through Market Volatility With These 5 Low-Beta Stocks – Nasdaq” published on September 06, 2018 as well as Seekingalpha.com‘s news article titled: “US Ecology’s (ECOL) CEO Jeff Feeler on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: February 22, 2019.

US Ecology, Inc., through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. The company has market cap of $1.27 billion. It operates in two divisions, Environmental Services; and Field & Industrial Services. It has a 26.22 P/E ratio. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.

US Ecology, Inc. (NASDAQ:ECOL) Institutional Positions Chart

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