Stock Of The Day: How To Trade A Ralph Lauren Reversal

1. Ralph Lauren's stock price surged beyond analyst expectations, suggesting strong performance. 2. Traders are forecasting a price reversal, considering put options as a strategy. 3. The stock is deemed overbought, trading above two standard deviations of the mean. 4. Support at $259 may form if the stock price retraces, based on historical patterns. 5. Buyback orders from remorseful sellers could stabilize RL's price if it drops.