Saturday, March 02, 2013

Stock Pick: Estee Lauder $EL

This week's fashionable tip is Estee Lauder.  The fundamental view can be read here. This stock is on the verge of a break of $64.50.  Although the stock is contained by resistance, it does have the benefit of a MACD trigger 'buy', along with a leading breakout in On-Balance-Volume.


The measured move target is $76, with a 6-month target of $69.
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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. You can read what others are saying about Zignals on Investimonials.com.

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