• Return to Headlines

Recent 52-Week High Exceeded in Shares of Cintas (CTAS)

By James Quinn

Cintas (NASDAQ:CTAS) traded today at a new 52-week high of $131.04. Approximately 55,000 shares have changed hands today, as compared to an average 30-day volume of 692,000 shares.

Cintas (NASDAQ:CTAS) is currently priced 4.6% above its average consensus analyst price target of $124.73. The stock should find initial support at its 50-day moving average (MA) of $88.85 and further support at its 200-day MA of $88.02.

Cintas 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.

In the past 52 weeks, Cintas share prices have been bracketed by a low of $78.00 and a high of $131.04 and are now at $130.68, 68% above that low price. 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 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $123.38. Since that recommendation, shares of Cintas have risen 5.7%. 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

Ticker(s): CTAS