Ralph Lauren Corp

RL remains in a Stage 4 markdown with sustained downtrend and lower highs/lows, trading below all key EMAs. The medium-term bias is bearish; current bounce toward the 9/20 EMA zone provides a structurally sound area to sell into resistance. Execution focuses on selling into the pullback near the declining EMA cluster as a confirmation of continued downside momentum.

• ↑Revenue rose 13% YoY to $1.5 B; EPS $4.59 topped estimates.
• ↑Gross margin expanded 130 bps to 73.6%; operating margin up 150 bps to 18.5%.
• ↓Shares trade at 19.4x forward P/E versus 14.9x industry norm.