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Shares of Ralph Lauren Cor Fall to a New 52-Week Low

By Nick Russo

Ralph Lauren Cor (NYSE:RL) traded today at a new 52-week low of $88.29. So far today approximately 326,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

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. Ralph Lauren's operations include wholesale, retail, and licensing.

Over the past year, Ralph Lauren Corhas traded in a range of $88.29 to $141.62 and are now at $88.29. The 200-day and 50-day moving averages have moved 0.43% lower and 0.7% lower over the past week, respectively.

Potential upside of 27.4% exists for Ralph Lauren Cor, based on a current level of $88.29 and analysts' average consensus price target of $112.44. The stock should find initial resistance at its 50-day moving average (MA) of $108.79 and further resistance at its 200-day MA of $116.23.

SmarTrend recommended that its subscribers protect gains by selling shares of Ralph Lauren Cor on July 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $109.03. Since that call, shares of Ralph Lauren Cor have fallen 14.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows ralph lauren cor

Ticker(s): RL