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Cintas Corporation ( $CTAS ) – stock is trading over 200 dollars and offering a possible buying price between $263.92 – $277.12. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had break out around mid April.
3. The stock had slow, but a steady and solid run after that.
4. The stock witnessed a rock solid breakout back in July, again.
5. The stock appears to be in a consolidation, now.
6. The stock also saw many accumulation weeks than distribution.
7. The stock also found support at the 50 day moving average throught out this run.
8. The stock is offering possible buying price between $263.92 – $277.12, with a stop loss at $242.81.
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