RCII breakout in progress

2019年10月11日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.

2019年10月11日

コメント

So far holding above the channel.

2020年1月1日

トレード終了: 利益確定目標に到達

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.