Stock Chart Analysis RCII

Posted by downtowntrader | 4/30/2007 09:56:00 PM | 0 comments »

Stock Chart Analysis RCII

Rent-A-Center, Inc (Public, NASDAQ:RCII)
RCII has been trading in very choppy patterns and looks like it is in the process of starting a new down leg. It has been trading in a rising wedge and just fell out of the lower edge of it. The fifty day simple moving average may smother it for the foreseeable future.

Good Trading,