A "Recession-Resistant" Stock to Consider
09/29/2008 12:00 am EST
Rent-A-Center (RCII), together with its subsidiaries, engages in the rental of household durable goods to customers on a rent-to-own basis—principally in the United States.
On July 23, we said, "We'll stick with that last target, noting the strong buys from our internal indicator, the Collins Bollinger Reversal (CBR), very high volume on the buy side, and a 'gold cross' in late March."
Since this is a "recession-resistant" stock and it is technically strong, the target of $29 to $30 is still valid.
By Sam Collins of OptionsZone.com