Rent A Center (RCII) NewsBite - One Of Today's Top Losers

Posted: Tuesday, April 28, 2009 3:10 PM EDT

Rent A Center (RCII) leads the list of top losers so far today and is now at $18.73, down $2.96 (-13.65%) on volume of 4,265,750 shares traded. Over the last 52 weeks the stock has ranged from a low of $9.97 to a high of $26.00. Rent A Center stock has been showing support around $20.47 and resistance in the $22.93 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for RCII. If you are looking for a hedged play on RCII the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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