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Cintas Corp Falls 2.44% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Cintas Corp (NASDAQ:CTAS) traded in a range yesterday that spanned from a low of $197.14 to a high of $203.48. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $213.03 on volume of 709,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Cintas Corp have traded between a low of $154.33 and a high of $304.81 and are now at $199.50, which is 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.6%.

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