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SmarTrend Watching for Potential Pullback in Shares of Estee Lauder After 1.21% Gain

By Shiri Gupta

Estee Lauder (NYSE:EL) traded in a range yesterday that spanned from a low of $216.00 to a high of $217.69. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $214.89 on volume of 524,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Estee Lauder on December 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $196.05. Since that recommendation, shares of Estee Lauder have risen 10.0%. We continue to monitor EL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Estee Lauder share prices have been bracketed by a low of $124.38 and a high of $217.69 and are now at $217.05, 75% above that low price. The 200-day and 50-day moving averages have moved 0.40% higher and 0.72% higher over the past week, respectively.

Keywords: rebounders Estee Lauder

Ticker(s): EL