Bullish Moving Average Cross by Rent-A-Center (RCII)
Today, shares of Rent-A-Center (NASDAQ:RCII) have crossed bullishly above their 10-day moving average of $11.90 on a volume of 181K 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 $40.80 and a 52-week low of $9.76 and are now trading 25% above that low price at $12.19 per share. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 1.0%.
SmarTrend recommended that its subscribers protect gains by selling shares of Rent-A-Center on May 16th, 2016 by issuing a Downtrend alert when the shares were trading at $12.76. Since that call, shares of Rent-A-Center have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses rent-a-center