Shares of Ralph Lauren (NYSE:RL) are trading at new five month highs. The stock is up 5% as it extends the post earnings(Oct. 29/AM) gain to 18%. RL is leaving behind layers of support and is set up well for more upside.
The 50D moving average is providing solid footing(held last week’s low).
The October high($78) as well as the 200D moving average are supporting this week’s low.
No position.