If history is any guide, there may be trouble ahead for shares of Estee Lauder Cos (NYSE:EL). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
According to Benzinga Pro, during Q2, The Estee Lauder Cos (NYSE:EL) earned $1.09 billion, a 56.83% increase from the preceding quarter. The Estee Lauder Cos also posted a total of $5.54 billion in sales, a 26.14% increase since Q1.