POLO RALPH LAUREN CORP
(RL-NYSE):
Technical Viewpoint: From a low
of $31.00 on Jul 26, 2004 prices
rallied, reaching a
high of $35.88
on Aug 5, 2004. A
decline saw prices pull back, reaching a
low of
$33.50 on Aug 13, 2004.
Another rally saw prices penetrate
resistance, closing 8/17/04
at $36.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 9, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.50. Resistance: Is at $37.00.
Point & Figure: Reversed to the upside on Aug 17, 2004. A P&F upside
reversal takes place at $34.50. Summary: Technical indicators have turned bullish. BUY! POLO RALPH LAUREN CORP
(RL-NYSE) @ $36.50 Stop: Use a protective stop of $34.50.
POLO RALPH LAUREN CORP is currently trading @ $36.20 plus $1.67 on Aug 17, 2004. Price Objective:
$45.00. Risk/Reward: $2,00 VS. $8.50. Today's Risk Reward Ratio: 4:1
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