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Estee Lauder Bullish Moving Average Crossover Alert (EL)

By David Diaz

Estee Lauder (NYSE:EL) shares have crossed bullishly above their 10-day moving average of $171.20 on a volume of 175K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Estee Lauder share prices have been bracketed by a low of $121.47 and a high of $180.20 and are now at $172.81, 42% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

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 28.4%. We continue to monitor EL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Estee Lauder

Ticker(s): EL