Were We Too Bullish on Estee Lauder?

Estee Lauder (EL) has continued higher after our last update on the stock, where we anticipated "a 10-bagger from the $15 base would mean a $150 price target for EL. Aggressive traders could go long EL on any weakness toward the $102-$100 area, risking below $96 looking for gains to the $150-$169 area."

EL has not reached $150 but it has rallied to around $110 and has been consolidating those gains. Were we too bullish? Or is this just a pause within an ongoing rally?...191 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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