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Watch for Cintas Corp to Potentially Pullback After Gaining 1.12% Yesterday

By Shiri Gupta

Cintas Corp (NASDAQ:CTAS) traded in a range yesterday that spanned from a low of $262.10 to a high of $266.53. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $264.43 on volume of 114,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Cintas Corp have traded between a low of $155.98 and a high of $270.36 and are now at $266.53, which is 71% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has remained constant.

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

Keywords: rebounders cintas corp

Ticker(s): CTAS