Ralph Lauren Trading Above 200 & 50-Day SMA: Is it a Good Time to Buy?

Ralph Lauren Corporation (RL) has been showing impressive upward momentum, trading above its 200-day and 50-day simple moving averages (SMA), which are the key indicators of price stability and long-term bullish trends. Trading at $286.50, RL surpassed both its 200-day SMA of$199.54 and 50-day SMA of $246.2, highlighting a continued uptrend.RL Stock Trading Above 200 & 50-Day SMAImage Source: Zacks Investment ResearchSMA is a key tool in technical analysis used to assess price trends by smoothing out short ...