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Estee Lauder Bullish Moving Average Crossover Alert (EL)

By James Quinn

Estee Lauder (NYSE:EL) crossed over its 10-day moving average of $105.79 on a volume of 290K 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 $107.91 and a 52-week low of $75.30 and are now trading 41% above that low price at $105.99 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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 7.2%. 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