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Bullish Moving Average Cross by Rent-A-Center (RCII)

By Amy Schwartz

Rent-A-Center (NASDAQ:RCII) shares have crossed bullishly above their 10-day moving average of $11.54 on a volume of 2.7 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Rent-A-Center share prices have moved between a 52-week high of $13.73 and a 52-week low of $7.76 and are now trading 58% above that low price at $12.27 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 1.5%.

SmarTrend recommended that subscribers consider buying shares of Rent-A-Center on April 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.45. Since that recommendation, shares of Rent-A-Center have risen 6.3%. We continue to monitor RCII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses rent-a-center

Ticker(s): RCII