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Shares of Cintas Rise to a New 52-Week High

By Nick Russo

Shares of Cintas (NASDAQ:CTAS) traded at a new 52-week high today of $125.93. So far today approximately 478,000 shares have been exchanged, as compared to an average 30-day volume of 692,000 shares.

Over the past year, Cintas has traded in a range of $78.00 to $125.93 and is now at $124.92, 60% above that low. The 200-day and 50-day moving averages have moved 0.09% higher and 0.52% higher over the past week, respectively.

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.

Cintas (NASDAQ:CTAS) is currently priced 0.2% above its average consensus analyst price target of $124.73. The stock should discover initial support at its 50-day moving average (MA) of $88.85 and subsequent support at its 200-day MA of $88.02.

SmarTrend is tracking the current trend status for Cintas and will alert subscribers who have CTAS in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Cintas

Ticker(s): CTAS