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Ralph Lauren Cor Set to Possibly Pullback After Yesterday's Rally of 2.52%

By Shiri Gupta

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.

Over the past year, Ralph Lauren Cor has traded in a range of $95.63 to $147.79 and is now at $130.39, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

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.

Keywords: rebounders ralph lauren cor

Ticker(s): RL