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Rinehart

Accumulation, falling wedge, and 1.618 extension are done

Long
Rinehart Updated   
NASDAQ:RCII   None
6
0
Prices have fallen to the 1.618 extension, clear accumulation activity on the volume, also a falling wedge pattern which are normally bullish.

Fundamentally, RCII is a M&A target.
Comment:
Engaged Capital has won it's proxy fight with the existing Rent-A-Center board installing their 3 proposed board members. This will lead to RCII more than likely exploring additional options such as a sale of the company. If you a long from around $10 like me, that's great news.
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