Bearish Moving Average Cross by Polo Ralph Lauren (RL)
Today, shares of Polo Ralph Lauren (NYSE:RL) have crossed bearishly below their 10-day moving average of $101.24 on a volume of 208K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Polo Ralph Lauren has traded in a range of $82.15 to $141.03 and is now at $98.24, 20% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.7%.
SmarTrend is monitoring the recent change of momentum in Polo Ralph Lauren. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Polo Ralph Lauren in search of a potential trend change.
Keywords: moving crosses polo ralph lauren