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Look for Shares of Ralph Lauren Cor to Potentially Pullback after Yesterday's 2.52% Rise

By Amy Schwartz

Ralph Lauren Cor (NYSE:RL) traded in a range yesterday that spanned from a low of $128.61 to a high of $130.39. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $128.56 on volume of 275,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Ralph Lauren Cor and will alert subscribers who have RL in their portfolio or watchlist when shares have changed trend direction.

Ralph Lauren Cor share prices have moved between a 52-week high of $147.79 and a 52-week low of $95.63 and are now trading 36% above that low price at $130.39 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Keywords: rebounders ralph lauren cor

Ticker(s): RL