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Shares of Estee Lauder Has Risen Above Previous 52-Week High

By David Diaz

Shares of Estee Lauder (NYSE:EL) traded at a new 52-week high today of $147.68. So far today approximately 226,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Estee Lauder (NYSE:EL) is currently priced 0.3% above its average consensus analyst price target of $146.83. Estee Lauder shares have support at the 50-day moving average (MA) of $94.08 and additional support at the 200-day MA of $86.98.

In the past 52 weeks, Estee Lauder share prices have been bracketed by a low of $75.30 and a high of $147.68 and are now at $147.29, 96% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.21% higher over the past week, respectively.

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.

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 48.4%. 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