Ralph Lauren (RL); born Ralph Lifshitz; October 14, 1939) is an American fashion designer, philanthropist, and business executive, best known for the Ralph Lauren Corporation clothing company, a global multi-billion-dollar enterprise. He has also become well known for his collection of rare automobiles, some of which have been displayed in museum exhibits. Lauren stepped down as Chief Executive Officer of the company in September 2015 but remains its Executive Chairman and Chief Creative Officer. As of January 2015, Forbes estimates his wealth at $8 billion, which makes Ralph Lauren the 155th richest person in the world.
Reported before open today (5/12/16) Earnings: EPS $0.88 Revenue $1.871B Estimates: EPS $0.83 Revenue $1.905B Up 2.56% today so far
Grabbed a position in RL @ 102 after the Q3 earnings beat ...... Time to backfill some panic! currently trading above all POC's (point of control) from Q1 and Q2. Q4 from 2015 has a POC at 116 and the previous year's POC is 135 There is a virgin gap that hasn't been filled yet around 109
RL ready for the kill zone. I know I mentioned in my previous post that the 2015 POC was 135. Stockcharts shows it at 130. Not sure which is more right, so setting the target at 130 to be safe. Re-tested the trend line for support. Trend is up. Closed this week above the $109.71 closing price for 2015
The 1x1 PnF appears to show it may need to build more cause to reach your 2015 POC of 130~135. Longer term target from the 1x3Pnf shows $212.