Bullish Moving Average Cross by Estee Lauder (EL)
Estee Lauder (NYSE:EL) crossed over its 10-day moving average of $93.57 on a volume of 126K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Estee Lauder share prices have moved between a 52-week high of $97.48 and a 52-week low of $73.67 and are now trading 27% above that low price at $93.76 per share. 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 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