The Long Investor
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$EL - WATCHLIST -
🕑 Added 2025-01-30 12:54:33 +0000 UTCBreaking out of a 2 year downward trend and significantly below its 200 WMA now....the price could jump +143% just to return to this very strong moving average.
The 50 WMA is at $100 now, flipping this level next to support and bulls will feel very confident of the reversal back to the mean.
Comments
Jeff Vox
I like the chart but I'm nervous about the fundamentals. They have major competition from more modern companies like $ELF, and I can't help wondering if Trump's tariffs are going to be an issue.
Chris H
How’s the fundamentals for EL? I heard from industry insiders they’ve been dumping products at warehouse prices for a long time, destroying the brands.
DC
Been waiting for this one for a while. Will wait for a retest of the wedge.
