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.
Comentário
So far holding above the channel.
Trade fechado: objetivo atingido
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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