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Moving Average Crossover Alert: Estee Lauder Companies (EL)

Are you a technical investor? If so, it may be time to consider Estee Lauder Companies Inc EL for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for EL.

This trend may have already begun, as shares of EL have moved by higher by 5.5% in just the past month. Plus, EL has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Estee Lauder Companies has plenty of life left.

More bullishness may especially be the case when investors consider what has been happening for EL on the earnings estimate revision front lately. None estimate has gone lower in the past two months, compared to 10 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.

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ESTEE LAUDER (EL): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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