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Ralph Lauren Cor Crosses Below its 10-day MA (RL)

By Nick Russo

Ralph Lauren Cor (NYSE:RL) crossed under its 10-day moving average of $140.02 on a volume of 247K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Ralph Lauren Cor has traded in a range of $70.28 to $145.94 and is now at $137.29, 95% above that low. The 200-day and 50-day moving averages have moved 0.76% higher and 1.35% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ralph Lauren Cor on May 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $112.48. Since that recommendation, shares of Ralph Lauren Cor have risen 25.0%. We continue to monitor RL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ralph lauren cor

Ticker(s): RL