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

By James Quinn

Rent-A-Center (NASDAQ:RCII) crossed over its 10-day moving average of $10.99 on a volume of 1.8 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.

Over the past year, Rent-A-Center has traded in a range of $7.76 to $40.80 and is now at $12.00, 55% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 1.0%.

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