Profit Alert for RCII
by Sam Collins 02/11/08Rent-A-Center Inc. (RCII) -- With its subsidiaries, Rent-A-Center offers household durable goods to customers on a rent-to-own basis principally in the United States.
On Jan. 3, the Trade of the Day said, "The common stock of RCII fell from over $30 this time last year to under $14 in November. But since then, the stock has picked up buyers and the analysts covering it have a consensus buy rating on the stock.
Our own internal indicator, the CBR, has triggered a double-buy signal, and the stochastic issued a buy yesterday. Positions taken now could prove profitable, especially if upside volume drives prices above the downtrend line at just under $16."
Rent-A-Center has even exceeded our expectations but is approaching the 200-day moving average. It may be time for trader to cash in on quick profit while longer-term investors may still finds rewards in owning RCII.
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