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Watch for Shares of Estee Lauder (EL) to Approach Support at $174.54

By Amy Schwartz

Shares of Estee Lauder (NYSE:EL) have bearishly opened below the pivot of $177.74 today and have reached the first support level of $175.63. Should the shares continue to fall, the support pivots of $174.54 and $171.34 will be of interest.

Based on a current price of $176.60, Estee Lauder is currently 13.8% above its average consensus analyst price target of $152.25. The stock should hit resistance at its 200-day moving average (MA) of $190.23, as well as support at its 50-day MA of $171.10.

In the past 52 weeks, Estee Lauder share prices have been bracketed by a low of $137.01 and a high of $220.42 and are now at $176.60, 29% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.5%.

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.

Keywords: pivot alerts Estee Lauder

Ticker(s): EL