The Estee Lauder Companies Inc. (EL) has been in a multi-week consolidation that broke to the upside Thursday through $9. The stock held the breakout on Friday, a bullish sign that tells me higher prices are on their way. Targets on the upside are $100 and $104 with stops now at $96.
The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care, makeup, fragrance and hair care
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Consumer StaplesPersonal Products
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in