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Cintas Corp Bullish Moving Average Crossover Alert (CTAS)

By Nick Russo

Today, shares of Cintas Corp (NASDAQ:CTAS) have crossed bullishly above their 10-day moving average of $241.85 on a volume of 781K 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.

Over the past year, Cintas Corp has traded in a range of $155.98 to $259.40 and is now at $258.98, 66% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Cintas Corp on April 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $209.62. Since that recommendation, shares of Cintas Corp have risen 14.2%. We continue to monitor CTAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cintas corp

Ticker(s): CTAS