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Estee Lauder Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Shares of Estee Lauder (NYSE:EL) traded today at $99.81, breaking its 52-week high. So far today approximately 197,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Estee Lauder has overhead space with shares priced $99.73, or 0.7% below the average consensus analyst price target of $100.48. The stock should find initial support at its 50-day moving average (MA) of $94.08 and further support at its 200-day MA of $86.98.

The Estee Lauder Companies Inc. manufactures and markets a wide range of skin care, makeup, fragrance, and hair care products. The Company's products are sold in countries and territories around the world.

In the past 52 weeks, shares of Estee Lauder have traded between a low of $75.30 and a high of $99.81 and are now at $99.73, which is 32% above that low price. 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 is monitoring the recent change of momentum in Estee Lauder. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Estee Lauder in search of a potential trend change.

Keywords: 52 week high/lows Estee Lauder

Ticker(s): EL