Estee Lauder | EL | Long at $63.00
On November 13th, 2024, the Director of Estee Lauder 
EL purchased $10,000,000+ worth of shares. From a technical analysis perspective, this makes sense as it almost double entered my "crash" simple move average lines (indicated in gray). On the rare occasion the price double dips these areas, odds are typically in my favor a rally may be ahead (obviously, without unforeseen bad news from the company). While it still may dip into the "crash" simple moving average lines (
50S), I believe the "Santa Claus" rally is around the corner and we may be close to a near-term bottom for NYSE:EL. However, this is a very risky play due to the fundamentals of the company - which currently aren't good. But future prospects from EL may change the momentum. Thus, at $63.00, EL is in my personal buy zone.
Target #1 - $86.00
Target #2 - $100.00
Target #3 - $120.00
EL purchased $10,000,000+ worth of shares. From a technical analysis perspective, this makes sense as it almost double entered my "crash" simple move average lines (indicated in gray). On the rare occasion the price double dips these areas, odds are typically in my favor a rally may be ahead (obviously, without unforeseen bad news from the company). While it still may dip into the "crash" simple moving average lines (50S), I believe the "Santa Claus" rally is around the corner and we may be close to a near-term bottom for NYSE:EL. However, this is a very risky play due to the fundamentals of the company - which currently aren't good. But future prospects from EL may change the momentum. Thus, at $63.00, EL is in my personal buy zone.Target #1 - $86.00
Target #2 - $100.00
Target #3 - $120.00
تم فتح الصفقة
Target #1 reached for a 36.5% gain.أغلقت الصفقة: تم الوصول لوقف الخسارة
After that horrendous FY2025 outlook, closed the remainder of the position at $65 (3.17% gain on top of the previously taken 36% gain). The stock may double bottom and simply move up algorithmically, but I was hoping for some better news than layoffs, poor overseas sales, etc. Position fully closed. 
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