Shares of Estee Lauder (EL) have had a dramatic rise from the early 2009 lows, but the uptrend remains pretty with or without makeup.
Looking back at the last 12 months, EL has been positive. However, the gains from the September lows are more impressive (see the chart above). The slope of the 200-day moving average line has been positive the whole time, and the 50-day turned up at the beginning of November. The On-Balance-Volume (OBV) line has been in a neutral trend but is currently at the top end of its range.
This long-term monthly chart of EL, above, shows a much more dramatic profile from the 2009 nadir, with prices above the rising 12-month moving average line. Prices are up nearly tenfold. The OBV line on this time frame is positive, and the monthly Moving Average Convergence Divergence (MACD) oscillator just generated a new buy signal with the two lines crossing from above the zero line. With the price of EL within "striking distance" of $100, we won't be surprised when it happens.