Shares of Cintas Rise Above Previous 52-Week High

Published on Tue, 02/24/2015 - 15:37
By Robert Cotter in 52 Week high-lows, CTAS, 52 week high/lows, cintas, nasdaq:ctas

Cintas (NASDAQ:CTAS) traded today at a new 52-week high of $83.25. Approximately 204,000 shares have changed hands today, as compared to an average 30-day volume of 784,000 shares.

Cintas designs, manufactures and implements corporate identity uniform programs. The Company also provides entrance mats, restroom supplies, promotional products, document management, fire protection, and first aid and safety services.

Cintas share prices have moved between a 52-week high of $83.25 and a 52-week low of $55.65 and are now trading 49% above that low price at $83.10 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

Cintas (NASDAQ:CTAS) is currently priced 2.2% above its average consensus analyst price target of $81.25. The stock should find initial support at its 50-day moving average (MA) of $78.51 and further support at its 200-day MA of $69.39.

By Robert Cotter
rcotter@fnno.com

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