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Downgrade Alert for Rent-A-Center (RCII)
[May 10, 2013]

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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