Ralph Lauren (RL) Stock April 2010

Today a wrote a blog post regarding Ralph Lauren. During my research I noticed that the companies stock is as of yesterday rather close to a 52 week high. The interesting point is that the stock DOUBLED if you look at the 52 Week high vs. the 52 week low.

Where can the stock go from here? Does it deserve to double again??? I thought we were supposed to be in recession... I guess people still like to shop for polo.

I am thinking that from the 52 week high their is more room to go down then up. However, regarding the stock market I am usually wrong. But let's see..

For reference as of yesterday the numbers are as follows:

52 week low : $42.89
52 week high : $89.84

last close was $88.86

Does RL keep going up? If you have an opinion or supporting facts, please add to the discussion.

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