A strong retailer with PT upgrades & Stimulus Incoming
RL is looking great with upgrades from Goldman, Citigroup, and more. This retail chain is ready for some big upside as people go out and try to return to normal activities. Buying in retail will also be fueled by 2nd possible stimulus payments in the near future. Price action looks great with a strong volume node at the 109.00 mark. RL also has been making higher lows and staying strong above the 90 day MA. I see immediate upside for a retest of the 114.00 mark around 1-2 weeks away.
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