Bullish Moving Average Cross by Rent-A-Center (RCII)
Rent-A-Center (NASDAQ:RCII) crossed over its 10-day moving average of $12.46 on a volume of 162K 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.
In the past 52 weeks, Rent-A-Center share prices have been bracketed by a low of $9.76 and a high of $40.80 and are now at $12.64, 30% above that low price. 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 3.3%. 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