RCII breakout in progress

11 Eki 2019The 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.

11 Eki 2019

Yorum

So far holding above the channel.

1 Oca 2020

İşlem kapandı: hedefe ulaştı

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.