TMCnet News
Downgrade Alert for Rent-A-Center (RCII)May 10, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Rent-A-Center (NASDAQ:RCII) was downgraded from Buy to Hold at Canaccord Genuity today. The stock closed yesterday at $36.39 on volume of 388,000 shares, below average daily volume of 653,000. Rent-A-Center share prices have moved between a 52-week high of $39.50 and a 52-week low of $21.30 and closed yesterday at 68% above that low price at $35.80 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%. Potential upside of 20.6% exists for Rent-A-Center, based on a current level of $35.80 and analysts' average consensus price target of $43.17. The stock should find resistance at its 50-day moving average (MA) of $36.34, as well as support at its 200-day MA of $35.59. Rent-A-Center, Inc. operates franchised and company-owned Rent-A-Center and ColorTyme rent-to-own merchandise stores. The Company's stores offer home electronics, appliances, furniture, and accessories under flexible rental purchase agreements. Rent-A-Center operates across the United States and Puerto Rico. 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. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |