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SmarTrend Watching for Potential Rebound in Shares of Ralph Lauren Cor After 3.93% Loss

By Shiri Gupta

Ralph Lauren Cor (NYSE:RL) traded in a range yesterday that spanned from a low of $84.40 to a high of $87.02. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $86.69 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ralph Lauren Cor share prices have moved between a 52-week high of $141.62 and the current low of $84.61 and are currently at $84.86 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.9%.

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 19.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ralph lauren cor

Ticker(s): RL