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

By Amy Schwartz

Today, shares of Rent-A-Center (NASDAQ:RCII) have fallen below their 10-day MA of $10.03 on a volume of 242K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Rent-A-Center share prices have moved between a 52-week high of $13.89 and a 52-week low of $7.22 and are now trading 37% above that low price at $9.88 per share. The 200-day and 50-day moving averages have moved 1.52% lower and 1.00% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Rent-A-Center on March 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.00. Since that recommendation, shares of Rent-A-Center have risen 13.9%. 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