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Estee Lauder Bearish Moving Average Crossover Alert (EL)

By Nick Russo

Today, shares of Estee Lauder (NYSE:EL) have fallen below their 10-day MA of $167.07 on a volume of 174K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Estee Lauder share prices have moved between a 52-week high of $180.20 and a 52-week low of $121.47 and are now trading 37% above that low price at $166.35 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Estee Lauder on January 30th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $132.56. Since that recommendation, shares of Estee Lauder have risen 26.6%. 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