When Rent-a-center (RCII) Moves Investors should Listen

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Rent-a-center (NASDAQ: RCII) report below is a real world example. Included are trading plans for RCII, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for RCII

• Buy RCII slightly over 58.98 target 66.62 stop loss @ 58.81 Details

The technical summary data tells us to buy RCII near 58.98 with an upside target of 66.62. This data also tells us to set a stop loss @ 58.81 to protect against excessive loss in case the stock begins to move against the trade. 58.98 is the first level of support below 61.78 , and by rule, any test of support is a buy signal. In this case, support 58.98 would be being tested, so a buy signal would exist.

• Short RCII under 66.62, target 58.98, stop loss @ 66.81 Details

The technical summary data is suggesting a short of RCII as it gets near 66.62 with a downside target of 58.98. We should have a stop loss in place at 66.81though. 66.62 is the first level of resistance above 61.78, and by rule, any test of resistance is a short signal. In this case, if resistance 66.62 is being tested, so a short signal would exist.

Swing Trading Plans for RCII

• Buy RCII slightly over 66.62, target 75.20, Stop Loss @ 66.43 Details

If 66.62 begins to break higher, the technical summary data tells us to buy RCII just slightly over 66.62, with an upside target of 75.20. The data also tells us to set a stop loss @ 66.43 in case the stock turns against the trade. 66.62 is the first level of resistance above 61.78, and by rule, any break above resistance is a buy signal. In this case, 66.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short RCII near 66.62, target 61.33, Stop Loss @ 66.81. Details

The technical summary data is suggesting a short of RCII if it tests 66.62 with a downside target of 61.33. We should have a stop loss in place at 66.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RCII

• Buy RCII slightly over 62.30, target 66.62, Stop Loss @ 62.15 Details

If 62.30 begins to break higher, the technical summary data tells us to buy RCII just slightly over 62.30, with an upside target of 66.62. The data also tells us to set a stop loss @ 62.15 in case the stock turns against the trade. 62.30 is the first level of resistance above 61.78, and by rule, any break above resistance is a buy signal. In this case, 62.30, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short RCII near 62.30, target 61.33, Stop Loss @ 62.45. Details

The technical summary data is suggesting a short of RCII if it tests 62.30 with a downside target of 61.33. We should have a stop loss in place at 62.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 62.30, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

RCII Ratings for September 22:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	58.98
P2	60.43	58.67	66.62
P3	62.30	61.33	75.20

Support and Resistance Plot Chart for RCII

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