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jaxdog

$EL Upgraded – Bottom Fishing Reversal

Long
Estee Lauder Companies, Inc. (The) (NYSE:EL)  
jaxdog Updated   
NYSE:EL   Estee Lauder Companies, Inc. (The)
Chart Patterns Technical Indicators Fundamental Analysis
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chartpattern indicator fundamental
EL I bought a ¼ size position yesterday, June 14, and added again this morning on follow through. Now ½ sized. It recaptured it’s 21 EMA yesterday and just barely had a Pocket Pivot. I have a tight stop on this as it’s way below the 50 DMA and the 40 Week MA. If you like bottom fishing, you might want to look at this one. Oh, and they also say they are working on an anti-aging cosmetic… but who isn’t?

Ideas, not investing / trading advice.
Trade closed manually:
I added on jun 16 to bring up to 1/2 size position then closed it all out on jun 28 for a very small loss (total $4). Stll on my watchlist for a new trade. It just wasn't ready. And as a bottom fishing trade I gave it no room as is my style.
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