Rent-A-Center Zooms to 10% Gain By Gary Morrow About this article: Last night's second-quarter report has sparked a powerful breakout in shares of Rent-A-Center. The stock is now up over 11.50% after a modestly higher gap open. Buyers have flooded in since the open, adding an additional $1.50 to the stock's opening print. Volume is running well above the daily average and will be one of the heaviest positive days this year for the stock. The result is a breakaway move that will likely push Rent-A-Center to a new yearly high within the next few weeks. Rent-A-Center is now above a very solid short-term base that had been in place since late April. After a strong run off its October lows, Rent-A-Center began to top out in mid-April. Upside volume was no longer powerful enough to maintain the rally setting the stage for a pullback. The stock suffered a major setback on April 28 following a disappointing... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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