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Watch for Continued Gains in Shares of Estee Lauder (EL)

By Shiri Gupta

Estee Lauder (NYSE:EL) traded today at a new 52-week high of $107.91. Approximately 617,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Based on a current price of $106.86, Estee Lauder is currently 6.0% 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.

In the past 52 weeks, Estee Lauder share prices have been bracketed by a low of $75.30 and a high of $107.91 and are now at $106.86, 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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 8.1%. 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