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Look for Shares of Cintas Corp to Potentially Rebound after Yesterday's 2.44% Sell Off

By Shiri Gupta

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.

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.

Cintas Corp share prices have moved between a 52-week high of $304.81 and a 52-week low of $154.33 and are now trading 29% above that low price at $199.50 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.6%.

Keywords: rebounders cintas corp

Ticker(s): CTAS