Friday, September 26, 2014

Friday's Finalist: RL

The New York fashion house Ralph Lauren Corp. (RL) was the sole symbol to survive the first round of analysis, as a potential bear play, and it has also made it through the second round into the finals. (See "Friday's Prospects".)

RL confirmed Thursday's bear signal by trading below its 20-day price channel today. RL's options are liquid enough for use in constructing a bear position, with a bid/ask spread in the single digits. The chart is bearish, in line with the signal, and it has a neutral ranking from Zacks Investment Research, the service I use as a short cut for my fundamental analysis.

There's nothing to hate here at first glance. I intend to post a full analysis of RL prior to the closing bell.

-- Tim Bovee, Portland, Oregon, Sept. 26, 2014


My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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