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Cintas Corp Crosses Above its 10-day MA (CTAS)

By James Quinn

Cintas Corp (NASDAQ:CTAS) crossed over its 10-day moving average of $213.40 on a volume of 214K 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 $133.70 to $217.34 and is now at $213.78, 60% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Cintas Corp on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $165.18. Since that recommendation, shares of Cintas Corp have risen 28.2%. 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