Two Ways To Play: Will Polo's Medal Lose Luster?
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The company gets about 20% of its sales from the euro-region. Ralph Lauren has also said it plans to boost that to a third by increasing shipments to London and opening a women's clothing store in Avenue Montaigne, the premier high-fashion row in Paris.
Meanwhile, GDP for the euro-zone region contracted for the first time since the introduction of the euro, almost one decade ago. This comes as the dollar has gained 6.4% against the euro and 6.2% against the pound.
At 2:30 AM EST, RL was trading +1.34% to $73.91.
From the Bull Pen: Bulls might find a better upside retail play in Nordstrom (JWN). Can the $28 support level hold? Sell-stops can be set below that level.
From the Bear Cave: Minyans know the troubles facing the European consumer. Those bearish can play the downside in RL; a tight sell-stop can be set above $75.
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