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SmarTrend Watching for Potential Pullback in Shares of Estee Lauder After 1.27% Gain

By Amy Schwartz

Estee Lauder (NYSE:EL) traded in a range yesterday that spanned from a low of $94.93 to a high of $96.87. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $95.64 on volume of 754,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Estee Lauder. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Estee Lauder in search of a potential trend change.

Estee Lauder share prices have moved between a 52-week high of $98.40 and a 52-week low of $75.30 and are now trading 28% above that low price at $96.47 per share. The 200-day and 50-day moving averages have moved 0.12% higher and 0.21% higher over the past week, respectively.

Keywords: rebounders Estee Lauder

Ticker(s): EL