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

By Nick Russo

Today, shares of Estee Lauder (NYSE:EL) have crossed bullishly above their 10-day moving average of $144.24 on a volume of 314K 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 $146.33 and a 52-week low of $75.30 and are now trading 92% above that low price at $144.69 per share. 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 46.3%. 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