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SmarTrend Watching for Potential Rebound in Shares of Polo Ralph Lauren After 1.08% Loss

By Amy Schwartz

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.

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.

In the past 52 weeks, Polo Ralph Lauren share prices have been bracketed by a low of $75.62 and a high of $141.03 and are now at $79.69, 5% above that low price. 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%.

Keywords: rebounders polo ralph lauren

Ticker(s): RL