What Next for US Ecology, Inc. (ECOL) After Forming Bearish Wedge Down?

Investors sentiment increased to 1.76 in Q4 2018. Its up 0.44, from 1.32 in 2018Q3. It increased, 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.
Prudential reported 37,761 shares. Northern has 0.01% invested in US Ecology, Inc. (NASDAQ:ECOL). State Board Of Administration Of Florida Retirement System reported 13,094 shares. 33,941 were reported by Arizona State Retirement Sys. Asset Mngmt Incorporated has 0% invested in US Ecology, Inc. (NASDAQ:ECOL) for 22 shares. Amalgamated Savings Bank invested in 3,440 shares. Bnp Paribas Arbitrage holds 15 shares. Bankshares Of Ny Mellon reported 0.01% stake. Ameriprise Financial owns 124,709 shares for 0% of their portfolio. Charles Schwab Investment Inc accumulated 120,840 shares or 0.01% of the stock. Congress Asset Management Communications Ma holds 0.05% or 53,623 shares. Advisory Ser Networks Limited Liability Corp invested in 1,375 shares. Thrivent For Lutherans reported 15,670 shares stake. Sei Company owns 2,995 shares for 0% of their portfolio. Prelude Capital Mgmt stated it has 109 shares.

Since November 15, 2018, it had 0 buys, and 1 insider 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 $13.46M 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. UBS maintained US Ecology, Inc. (NASDAQ:ECOL) rating on Tuesday, February 26. UBS has “Sell” rating and $56 target. The rating was upgraded by UBS on Thursday, April 4 to “Neutral”. The firm has “Hold” rating by BMO Capital Markets given on Monday, February 25. The rating was maintained by Stifel Nicolaus on Monday, February 25 with “Buy”. The company was maintained on Tuesday, November 20 by BMO Capital Markets.

More notable recent US Ecology, Inc. (NASDAQ:ECOL) news were published by: Nasdaq.com which released: “Waste Management, Inc. (WM) Ex-Dividend Date Scheduled for November 29, 2018 – Nasdaq” on November 28, 2018, also Fool.com with their article: “Best Stocks in Waste Management – Motley Fool” published on June 01, 2015, Seekingalpha.com published: “US Ecology, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on February 22, 2019. More interesting news about US Ecology, Inc. (NASDAQ:ECOL) were released by: Benzinga.com and their article: “10 Biggest Price Target Changes For Thursday – Benzinga” published on April 04, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About US Ecology Inc. (ECOL) – Yahoo Finance” with publication date: April 29, 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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