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Bullish Moving Average Cross by Cintas (CTAS)

By David Diaz

Today, shares of Cintas (NASDAQ:CTAS) have crossed bullishly above their 10-day moving average of $91.60 on a volume of 199K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Cintas share prices have moved between a 52-week high of $94.35 and a 52-week low of $78.00 and are now trading 18% above that low price at $92.37 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Cintas on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.01. Since that recommendation, shares of Cintas have risen 5.1%. We continue to monitor CTAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Cintas

Ticker(s): CTAS