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Polo Ralph Lauren Falls 1.08% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Polo Ralph Lauren (NYSE:RL) traded in a range yesterday that spanned from a low of $79.52 to a high of $80.71. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $79.96 on volume of 292,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Polo Ralph Lauren have traded between a low of $75.62 and a high of $141.03 and are now at $79.69, which is 5% above that low price. The 200-day and 50-day moving averages have moved 0.69% lower and 0.31% higher over the past week, respectively.

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 24.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders polo ralph lauren

Ticker(s): RL