Trade of the Day: Make a Move to Own Rent-A-Center (RCII)

by Sam Collins   01/03/08
Email This   Print Page  Tweet This Tweet This
Rent-A-Center Inc. (RCII) -- This company, together with its subsidiaries, engages in the rental of household durable goods to customers on a rent-to-own basis principally in the United States. RCII's common stock fell from over $30 this time last year to under $14 in November.




However, since then, RCII has picked up buyers and the analysts covering it have a consensus "Buy" rating on the stock. Our own internal indicator, the Collins-Bollinger Reversal (CBR), has triggered a double-buy signal and the stochastic issued a buy sign yesterday. Positions taken now could prove profitable, especially if upside volume drives prices above the downtrend line at just under $16.


Sam Collins is ChangeWave's Chief Technical Analyst and a Registered Investment Adviser who manages portfolios for a fee. He can be reached at samailc@cox.net.



More By This Expert

Should You be Worried the Market is Overbought?

I've been noting that our internal indicators are overbought, but none of them actually issued a sell signal until yesterday.

Emerging Markets Fund Looks Tired

The iShares MSCI Emerging Markets Index Fund (EEM) has been a great performer but, like the broad market, is showing sign of fatigue.

Volume Declining to Lowest Level of the Year

Major investors are reluctant to put more cash to work until they are convinced that the economy is moving forward enough to warrant new investments.

Bulk Up Your Portfolio With SB

With shipping rates going up, dry bulk carrier Safe Bulkers Inc. (SB) has broken from a bullish formation.

Is the Market Tiring?

Most technicians would consider a divergence in the Dow averages to be a potentially important indication that the market is tiring. But is this a serious problem, yet?

Options Broker Center

Compare Brokers