Rent A Center (RCII) NewsBite - RCII Could Be On the Move

Posted: Friday, July 10, 2009 11:26 AM EDT

Rent A Center (RCII) could be on the move today and is now at $17.68, up $0.13 (0.74%) on volume of 135,800 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 $16.94 and resistance in the $18.00 range. Technical indicators for the stock are bearish 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 bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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