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Estee Lauder Companies (EL-N) Quote - Press Release

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SmarTrend Watching for Potential Rebound in Shares of Estee Lauder After 1.44% Loss

Comtex SmarTrend(R) - Mon Sep 16, 12:26PM CDT

Estee Lauder (NYSE:EL) traded in a range yesterday that spanned from a low of $192.02 to a high of $194.33. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $193.58 on volume of 495,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Estee Lauder has traded in a range of $121.47 to $207.50 and is now at $192.18, 58% above that low. The 200-day and 50-day moving averages have moved 0.88% higher and 0.81% higher over the past week, respectively.

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.

Write to SmarTrend at cs@mysmartrend.com

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