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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.

Over the past year, Cintas Corp has traded in a range of $155.98 to $270.36 and is now at $266.53, 71% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.7%.

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