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

By Amy Schwartz

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.

Over the past year, Cintas Corp has traded in a range of $191.91 to $304.81 and is now at $203.53, 6% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

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