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Possible Trend Reversal, Estee Lauder Down on Heavy Volume (EL)

By James Quinn

Estee Lauder shares are trading on heavy volume today, having fallen -8.1% to $106.50. Approximately 1.8 million shares have changed hands today vs. average 30-day volume of 1.3 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

Over the past year, Estee Lauder has traded in a range of $75.30 to $107.91 and is now at $104.91, 39% above that low. The 200-day and 50-day moving averages have moved 0.12% higher and 0.21% higher over the past week, respectively.

Keywords: unusual volume Estee Lauder

Ticker(s): EL