When it comes to clothing and apparel, Lululemon Athletica (LULU) , Ralph Lauren (RL) and Nike (NKE) were among Cramer's favorites that he shared with Mad Money viewers Tuesday evening. Let's take a closer look at Ralph Lauren, which soared Tuesday.
In this updated daily bar chart of RL, below, we can see that the shares made a high in May. A correction into a July low can be seen. Prices tested the rising 200-day moving average line and are currently above the bottoming 50-day average line.
The On-Balance-Volume (OBV) line shows a peak in late April followed by a decline. The Moving Average Convergence Divergence (MACD) oscillator gave a cover shorts buy signal but crossing the zero line from below may be another story. 
In the weekly Japanese candlestick chart of RL, below, we can see that the shares tested and rallied back above the rising 40-week moving average line.
Trading volume has declined from November and the OBV line shows weakness the past three months. The MACD oscillator has narrowed in recent weeks but a possible bullish crossover could be weeks away.
In this daily Point and Figure chart of RL, below, we can see an upside price target but prices are in a down column of O's. There is some overhead resistance above $130 that could hamper further price gains.
Bottom-line strategy: RL made a gap to the upside but it has so far not shown us follow-through buying. RL could pull back to fill the gap and perhaps decline even further. Avoid the long side.
