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Estee Lauder Falls 1.33% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Estee Lauder (NYSE:EL) traded in a range yesterday that spanned from a low of $99.68 to a high of $102.33. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $100.06 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Estee Lauder have traded between a low of $75.30 and a high of $104.50 and are now at $100.57, which is 34% above that low price. 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 3.2%. We continue to monitor EL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Estee Lauder

Ticker(s): EL