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Bullish Moving Average Cross by Estee Lauder (EL)

By Amy Schwartz

Today, shares of Estee Lauder (NYSE:EL) have crossed bullishly above their 10-day moving average of $92.61 on a volume of 150K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Estee Lauder has traded in a range of $73.67 to $97.48 and is now at $92.84, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Estee Lauder on January 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.48. Since that recommendation, shares of Estee Lauder have risen 13.4%. We continue to monitor EL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Estee Lauder

Ticker(s): EL