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Look for Shares of Estee Lauder to Potentially Rebound after Yesterday's 1.17% Sell Off

By James Quinn

Estee Lauder (NYSE:EL) traded in a range yesterday that spanned from a low of $192.65 to a high of $194.66. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $193.84 on volume of 98,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Estee Lauder has traded in a range of $121.47 to $207.50 and is now at $193.30, 59% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Estee Lauder and will alert subscribers who have EL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Estee Lauder

Ticker(s): EL