Rent a Center $RCII is Weak on a Near Term Basis, Shown in Charts and Graphs
Rent a Center (NASDAQ: RCII) is Weak on a Near Term Basis, Shown in Charts and Graphs below. Important: Check the data of this report and update it as needed. Data changes over time.
Long Term Trading Plans for RCII
June 11, 2018, 8:56 am ET
The technical Summary and associated Trading Plans for RCII listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for RCII. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
RCII - (Long) Support Plan
Buy over 9.26 target 11.26 stop loss @ 9.
The technical summary data tells us to buy RCII near 9.26 with an upside target of 11.26. This data also tells us to set a stop loss @ 9 to protect against excessive loss in case the stock begins to move against the trade. 9.26 is the first level of support below 10.11 , and by rule, any test of support is a buy signal. In this case, support 9.26 is being tested, a buy signal would exist.
RCII - (Short) Resistance Plan
Short under 11.26 target 9.26 stop loss @ 11.52
The technical summary data is suggesting a short of RCII as it gets near 11.26 with a downside target of 9.26. We should have a stop loss in place at 11.52 though. 11.26 is the first level of resistance above 10.11, and by rule, any test of resistance is a short signal. In this case, if resistance 11.26 is being tested, a short signal would exist.