Trade of the Day: Make a Move to Own Rent-A-Center (RCII)
by Sam Collins 01/03/08
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.
by Sam Collins 01/03/08
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.
FAST is now consolidating and recently flashed a buy signal from our internal indicator.
Options Expiration Adds Volatility
The opening looks to be higher but today is options expiration day, and anything could happen.
Chances are high stocks will sell off further, but be alert for a dead-cat bounce after such a dramatic breakdown.
Traders and longer-term investors should sell any new positions at the first opportunity and short ETFs on a temporary recovery in the market.
CAT, the blue-chip of its industry, is the first to attract attention when it's time to dress up a portfolio.



