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Cintas Corp Set to Possibly Rebound After Yesterday's Selloff of 1.20%

By Shiri Gupta

Cintas Corp (NASDAQ:CTAS) traded in a range yesterday that spanned from a low of $196.28 to a high of $209.05. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $197.57 on volume of 685,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Cintas Corp have traded between a low of $191.91 and a high of $304.81 and are now at $203.53, which is 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.

Keywords: rebounders cintas corp

Ticker(s): CTAS