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TMCNet:  Watch for Estee Lauder to Potentially Rebound After Falling 2.15% Yesterday

[January 18, 2013]

Watch for Estee Lauder to Potentially Rebound After Falling 2.15% Yesterday

Jan 18, 2013 (SmarTrend(R) News Watch via COMTEX) -- Estee Lauder (NYSE:EL) traded in a range yesterday that spanned from a low of $62.40 to a high of $63.92. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $63.61 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


SmarTrend recommended that subscribers consider buying shares of Estee Lauder on December 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.22. Since that recommendation, shares of Estee Lauder have risen 6.7%. We continue to monitor EL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Estee Lauder have traded between a low of $49.81 and a high of $65.60 and are now at $62.85, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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