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Estee Lauder Crosses Above its 10-day MA (EL)

By Nick Russo

Estee Lauder (NYSE:EL) shares have crossed bullishly above their 10-day moving average of $92.10 on a volume of 320K 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 $93.77 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Estee Lauder and will alert subscribers who have EL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Estee Lauder

Ticker(s): EL