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Aaron's Inc Having Trouble Renting A Bid

|Includes: Aaron's Inc. (AAN)

This morning, the leading specialty retailer Aaron's Inc (NYSE:AAN) is making a new 52-week low. The company is engaged in the leasing of various products, including televisions, computers, various electronics, and household appliances. The stock has been plunging since July 1st, 2014 when it traded as high as $36.73 a share. Today, shares of Aaron's Inc stock is trading lower by 0.52 cents to $25.25. Traders should note that the stock will have some solid daily chart support around the $22.80 level. This support area is a spot on the chart where the stock broke out in 2011. Often, the past break-out levels will be the next major support levels that will be defended by the large financial institutions.

Nick Santiago