Actionable news
All posts from Actionable news
Actionable news in RCII: Rent-A-Center Inc.,

Rent-A-Center (RCII) Stock: Weak On High Volume Today

Trade-Ideas LLC identified Rent-A-Center ( RCII) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Rent-A-Center as such a stock due to the following factors:

  • RCII has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.1 million.
  • RCII has traded 2.2 million shares today.
  • RCII is trading at 115.06 times the normal volume for the stock at this time of day.
  • RCII is trading at a new low 24.01% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in RCII with the Ticky from Trade-Ideas. See the FREE profile for RCII NOW at Trade-Ideas More...