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Cintas Corp: The Winning Streak Continues (CTAS)

By Nick Russo

Shares of Cintas Corp (NASDAQ:CTAS) traded at a new 52-week high today of $258.23. This new high was reached on above average trading volume as 700,000 shares traded hands, while the average 30-day volume is approximately 514,000 shares.

In the past 52 weeks, shares of Cintas Corp have traded between a low of $155.98 and a high of $258.23 and are now at $258.23, which is 66% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

Cintas Corp (NASDAQ:CTAS) is currently priced 33.8% above its average consensus analyst price target of $170.88. The stock should discover initial support at its 50-day moving average (MA) of $230.23 and subsequent support at its 200-day MA of $200.24.

Cintas Corporation designs, manufactures, and implements corporate identity uniform programs. The Company also provides entrance mats, restroom supplies, promotional products, document management, fire protection, and first aid and safety services.

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: 52 week high/lows cintas corp

Ticker(s): CTAS