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Shares of Polo Ralph Lauren Fall Below Previous 52-Week Low

By Amy Schwartz

Polo Ralph Lauren (NYSE:RL) traded at a new 52-week low today of $67.01. This new low was reached on below average trading volume as 181,000 shares traded hands, while the average 30-day volume is approximately 933,000 shares.

There is potential upside of 18.7% for shares of Polo Ralph Lauren based on a current price of $67.21 and an average consensus analyst price target of $79.80. Polo Ralph Lauren shares should first meet resistance at the 50-day moving average (MA) of $95.02 and find additional resistance at the 200-day MA of $108.32.

Polo Ralph Lauren Corporation designs, markets, and distributes men's, women's and children's apparel, accessories, fragrances, and home furnishings. The Company's products are sold under a wide range of brands. Polo's operatins include Wholesale, Retail and Licensing.

In the past 52 weeks, Polo Ralph Lauren share prices have been bracketed by a current low of $67.01 and a high of $141.03 and are now at $67.21. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Polo Ralph Lauren on November 30th, 2016 by issuing a Downtrend alert when the shares were trading at $106.63. Since that call, shares of Polo Ralph Lauren have fallen 36.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows polo ralph lauren

Ticker(s): RL