Polo Ralph Lauren Corp. stock trades under the ticker RL & has shown recent bullishness that traders & investors should take a closer look into.
RL stock closed at $121.40/share on Friday 3/18/2022.
Polo Ralph Lauren Corp. RL Stock’s Technicals Broken Down
RL Stock Price: $121.40
10 Day Moving Average: $109.84
50 Day Moving Average: $117.52
200 Day Moving Average: $117.15
RSI: 55.05
MACD: -1.866
On Friday, RL stock completed a bullish MACD crossover, on a fourth consecutive day of gains.
RL stock has traded on above average volume in the last month compared to the rest of the prior year.
With a neutral RSI, there looks to be more momentum in the near-term for RL stock.
The next resistance levels I am watching are $122.82, $123.26 & $128.88.
Ralph Lauren Corp. RL Stock As A Long-Term Investment
Long-term oriented investors may find RL stock’s valuation metrics appealing, with a P/E (ttm) of 16.12 & a P/B (mrq) of 2.81.
Their most recent reports show 26.7% Quarterly Revenue Growth Y-o-Y, with 81.7% Quarterly Earnings Growth Y-o-Y.
RL stock’s balance sheet looks healthy but should be reviewed before investing, with Total Cash (mrq) of $2.99B & $3.44B in Total Debt (mrq).
RL stock offers a 1.73% dividend yield, which appears safe in the long-term with a 30.92% payout ratio.
Ralph Lauren Corp. RL Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to capture profits from RL stock’s movement in any directions amid broader market volatility.
I am looking at the contracts with the 4/14 expiration date.
The $120 & $125 call options look interesting, although their open interest levels are a bit low.
The $130 & $135 puts also look appealing, but they are even less liquid.
Tying It All Together
Overall, RL stock offers many unique attributes that traders & investors are sure to like.
Investors will like their valuation, dividend & balance sheet, while traders will like their current momentum rates.
RL stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF RL STOCK ***