Bullish Moving Average Cross by Cintas (CTAS)
Cintas (NASDAQ:CTAS) crossed over its 10-day moving average of $107.50 on a volume of 120K 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.
Cintas share prices have moved between a 52-week high of $109.11 and a 52-week low of $78.00 and are now trading 39% above that low price at $108.34 per share. The 200-day and 50-day moving averages have moved 0.09% higher and 0.52% higher over the past week, respectively.
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 22.5%. We continue to monitor CTAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Cintas