Estee Lauder in a strong uptrend
Since the beginning of June, EL – Estee Lauder – has been moving in a strong bullish channel between its 10-day exponential moving average and the upper Bollinger Band.
Apart from that, the 20- and the 50-day exponential moving averages are both rising and diverging from each other, another sign momentum is getting stronger in a strong bullish trend.
Of course this bullish momentum is depicted in MACD, which is moving above its signal line in a positive territory.
Just as important, the EL’s Relative Strength has been rising and moving above its 20-day exponential moving average since early February.