• Return to Headlines

Estee Lauder Bullish Moving Average Crossover Alert (EL)

By Shiri Gupta

Estee Lauder (NYSE:EL) crossed over its 10-day moving average of $145.62 on a volume of 364K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Estee Lauder have traded between a low of $75.30 and a high of $148.37 and are now at $146.48, which is 95% above that low price. 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 July 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.54. Since that recommendation, shares of Estee Lauder have risen 45.9%. 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