Ralph Lauren (RL) stock upgraded to outperform
InvestorsKeyhole Trade Alert
IK-> The technicals for RL ($117.08 up $0.14) are neutral with an upwards trend. Support has been around $110.00. Look at the Apr 85/90 bull-put spread for a 20-cent credit or better. That’s good for a 4.2% return and the stock has to fall 23.1% to cause a problem. [Various news and data; InvestorsKeyhole]
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.