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Bearish Moving Average Cross by Estee Lauder (EL)

By James Quinn

Today, shares of Estee Lauder (NYSE:EL) have fallen below their 10-day MA of $149.25 on a volume of 266K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Estee Lauder share prices have been bracketed by a low of $92.85 and a high of $153.88 and are now at $147.88, 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Estee Lauder. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Estee Lauder in search of a potential trend change.

Keywords: moving crosses Estee Lauder

Ticker(s): EL