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TMCNet:  Watch for Polo Ralph Lauren to Potentially Rebound After Falling 1.21% Yesterday

[March 18, 2013]

Watch for Polo Ralph Lauren to Potentially Rebound After Falling 1.21% Yesterday

Mar 18, 2013 (SmarTrend(R) News Watch via COMTEX) -- Polo Ralph Lauren (NYSE:RL) traded in a range yesterday that spanned from a low of $168.87 to a high of $171.28. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $171.19 on volume of 687,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that subscribers consider buying shares of Polo Ralph Lauren on January 3rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $155.72. Since that recommendation, shares of Polo Ralph Lauren have risen 10.0%. We continue to monitor RL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Polo Ralph Lauren share prices have moved between a 52-week high of $179.90 and a 52-week low of $134.29 and are now trading 26% above that low price at $169.22 per share. The 200-day and 50-day moving averages have moved 0.40% higher and 1.49% higher over the past week, respectively.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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