Last week, Polo Ralph Lauren (RL) was flattened by an earnings report which investors originally did not like (margin pressure and inventories the main culprits). This selloff filled a 'gap' from early February to the downside. Normally in these type of situations, the selling continues for a few days - I generally give it three days to allow the selling to wear off before sniffing around. However, that was not the case with RL. I believe the stock was upgraded the very next day which helped it hold the lowspol. Friday it had a very nice bounce, and today it has filled the 'gap' again - but this time to the upside. Quite a round trip... and an impressive movement!