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Rent-A-Center Crosses Above its 10-day MA (RCII)

By Amy Schwartz

Rent-A-Center (NASDAQ:RCII) shares have crossed bullishly above their 10-day moving average of $26.81 on a volume of 106K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $27.02, which is 203% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.9%.

SmarTrend recommended that subscribers consider buying shares of Rent-A-Center on June 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.22. Since that recommendation, shares of Rent-A-Center have risen 5.5%. 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