Professor Elam

Accounting & Investing Info for San Antonio A & M

Accounting Chart Lesson Ralph Lauren

Tuesday July 11 2023

WSJ article on RL notes a price break out on the chart but gross margin lags, let's loook

Monthly

RL has not exceeded the high of 160 back in 2015. It has a wide range trading as low as 60. Resistance is now 130

Weekly RL hs not been participating with the broader market, it is not a tech stock

Daily

The break out is much more obvious on the daily chart.

4181300/642500 = 6.5%

3653300/6159800 = 5.9

so gross margin has improved and the stock price is up

Posted in Audit