Profit Alert for RCII
by Sam Collins 02/11/08
Rent-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.
by Sam Collins 02/11/08
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.
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.
