Ralph Lauren Surges After Q3 Beat And Retreats

Ralph Lauren RL shares are trading higher by $15.63 at $129.20 in Thursday's session. The catalyst for the monster rally is a Q3 beat for EPS by $0.39 with inline revenues. The rally from premaekt trading has continued into the regular session. After a $13 plus higher open it rallied all the to $135.17 before falling back under $130. The current high coincides with a pair of highs from July 14 ($135.52) and July 15 ($135.17). Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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