Polo Ralph Lauren (RL) NewsBite - RL Falls on Retail Report

Posted: Friday, November 14, 2008 11:57 AM EDT

Polo Ralph Lauren (NYSE: RL) opened at $42.94. So far today, the stock has hit a low of $41.62 and a high of $43.84. RL is now trading at $42.03, down $1.95 (-4.43%). Over the last 52 weeks the stock has ranged from a low of $37.93 to a high of $82.02. Shares of RL are trading lower today after the Commerce Department reported that retail sales fell by 2.8 percent in October, the largest monthly drop on record. Technical indicators for the stock are bullish and S&P gives RL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on RL the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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