Bullish Moving Average Cross by Cintas (CTAS)
Cintas (NASDAQ:CTAS) crossed over its 10-day moving average of $98.78 on a volume of 1.1 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Cintas has traded in a range of $78.00 to $106.36 and is now at $105.82, 36% above that low. 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 12.0%. We continue to monitor CTAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Cintas