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Watch for Estee Lauder to Potentially Pullback After Gaining 1.88% Yesterday

By Amy Schwartz

Estee Lauder (NYSE:EL) traded in a range yesterday that spanned from a low of $160.76 to a high of $162.99. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $160.83 on volume of 870,000 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 January 30th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $132.56. Since that recommendation, shares of Estee Lauder have risen 20.7%. 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 $121.47 to $162.65 and is now at $162.60, 34% above that low. The 200-day and 50-day moving averages have moved 0.13% higher and 1.73% higher over the past week, respectively.

Keywords: rebounders Estee Lauder

Ticker(s): EL