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Bearish Moving Average Cross by Estee Lauder (EL)

By Amy Schwartz

Today, shares of Estee Lauder (NYSE:EL) have crossed bearishly below their 10-day moving average of $191.44 on a volume of 217K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Estee Lauder share prices have moved between a 52-week high of $207.50 and a 52-week low of $121.47 and are now trading 53% above that low price at $186.28 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.7%.

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: moving crosses Estee Lauder

Ticker(s): EL