Estée Lauder Companies stock trades at $107.98, down 1.14%, below resistance

Estée Lauder stock opened Monday’s session with a bullish daily structure intact. It opened at $113.00, traded between a low of $106.82 and a high of $113.00, and was last at $107.98, against a previous close of $109.23. Price sits above all three daily exponential averages but remains below the daily pivot and key hourly levels. The session remains open, leaving confirmation unresolved. Key takeaways EL was trading at $107.98 as of 10:09 ET, down 1.14% versus the previous close. Price remains above the 20-session EMA at $104.75, the 50-session EMA at $99.87, and the 200-session EMA at $92.75.

Source: The Cryptonomist