• Return to Headlines

Watch for Ralph Lauren Cor to Potentially Rebound After Falling 3.93% Yesterday

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.

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.

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

Keywords: rebounders ralph lauren cor

Ticker(s): RL