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Estee Lauder: The Winning Streak Continues (EL)

By James Quinn

Estee Lauder (NYSE:EL) traded at a new 52-week high today of $107.94. Approximately 335,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Estee Lauder (NYSE:EL) is currently priced 6.4% above its average consensus analyst price target of $100.48. The stock should discover initial support at its 50-day moving average (MA) of $94.08 and subsequent 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.

Estee Lauder share prices have moved between a 52-week high of $107.94 and a 52-week low of $75.30 and are now trading 43% above that low price at $107.40 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 8.6%. We continue to monitor EL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Estee Lauder

Ticker(s): EL