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After Yesterday's Rally of 2.07% Shares Could Potentially Pullback

By David Diaz

Cintas Corp (NASDAQ:CTAS) traded in a range yesterday that spanned from a low of $166.26 to a high of $169.30. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $167.80 on volume of 183,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Cintas Corp 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 Corp have risen 34.4%. We continue to monitor CTAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Cintas Corp has traded in a range of $91.24 to $168.24 and is now at $168.19, 84% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders cintas corp

Ticker(s): CTAS