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Estee Lauder Bullish Moving Average Crossover Alert (EL)

By Nick Russo

Today, shares of Estee Lauder (NYSE:EL) have crossed bullishly above their 10-day moving average of $182.60 on a volume of 137K shares. Swing traders may find 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 $185.22 and a 52-week low of $121.47 and are now trading 52% above that low price at $184.14 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.9%.

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 $132.55. Since that recommendation, shares of Estee Lauder have risen 37.5%. 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