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Rent-A-Center Bearish Moving Average Crossover Alert (RCII)

By James Quinn

Rent-A-Center (NASDAQ:RCII) shares have crossed bearishly below their 10-day moving average of $25.71 on a volume of 120K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Rent-A-Center have traded between a low of $8.93 and a high of $28.17 and are now at $25.60, which is 187% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for Rent-A-Center and will alert subscribers who have RCII in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses rent-a-center

Ticker(s): RCII