Scalper1 News
Soap is a defensive investment play, so it’s no surprise the group is working up a lather as the market falters. Six weeks ago, the Soap & Cleaning Preparations industry group was No. 70 among 197 industry groups. As of Tuesday’s IBD, the group was No. 37. Five stocks make up the group, but only three are liquid enough to arguably be of institutional quality. Ecolab (ECL), one of the remaining three, is still well below its 50-day moving average, Scalper1 News
Scalper1 News