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Recent 52-Week High Exceeded in Shares of Estee Lauder (EL)

By Amy Schwartz

Shares of Estee Lauder (NYSE:EL) traded at a new 52-week high today of $158.80. So far today approximately 233,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.

Estee Lauder (NYSE:EL) is currently priced 3.6% above its average consensus analyst price target of $152.25. The stock should discover initial support at its 50-day moving average (MA) of $147.61 and subsequent support at its 200-day MA of $131.90.

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 $93.45 and a high of $158.80 and are now at $157.86, which is 69% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Estee Lauder on May 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $148.15. Since that recommendation, shares of Estee Lauder have risen 6.7%. 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