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Shares of Estee Lauder Rise to a New 52-Week High

By James Quinn

Estee Lauder (NYSE:EL) traded today at a new 52-week high of $146.29. Approximately 105,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

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 (NYSE:EL) has potential upside of 0.5% based on a current price of $146.11 and analysts' consensus 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.

Estee Lauder share prices have moved between a 52-week high of $146.29 and a 52-week low of $75.30 and are now trading 94% above that low price at $146.11 per share. 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 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 47.5%. 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