RCII breakout in progress
Updated
The whole market looks bullish today due to optimism that China and the US are about to strike an interim trade deal, so this breakout in Rent-a-Center may not actually mean anything. But if it closes a couple green bars above the parallel channel, it could be worth a buy. RCII has great fundamentals and is a good long-term hold.
Comment
So far holding above the channel.Trade closed: target reached
RCII is back at a reasonable valuation. It may well have some room to move higher, but I think there are better opportunities elsewhere in the market now.
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