Cintas Bullish Moving Average Crossover Alert (CTAS)
Cintas (NASDAQ:CTAS) crossed over its 10-day moving average of $114.27 on a volume of 501K 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 $119.94 and a 52-week low of $78.00 and are now trading 51% above that low price at $117.48 per share. Over the last five market days, 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 30.4%. We continue to monitor CTAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Cintas