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CINTAS CORP
(CTAS-Nasdaq):
Technical Viewpoint: From a low
of $33.75 on Mar 14, 2001 prices
rallied, reaching a
high of $41.00
on Mar 26, 2001. A
decline saw prices pull back, reaching a
low of
$36.35 on Apr 4, 2001.
Another rally saw prices penetrate
resistance, closing 4/11/01
at $40.20. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 19, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.50. Resistance: Is at $41.00.
Point & Figure: Reversed to the upside on Apr 5, 2001. A P&F upside
reversal takes place at $38.50. Summary: Technical indicators have turned bullish. BUY! CINTAS CORP
(CTAS-Nasdaq) @ $40.25 Stop: Use a protective stop of $37.75.
CINTAS CORP is currently trading @ $40.20 plus $.62 on Apr 11, 2001. Price Objective:
$55.00. Risk/Reward: $2.75 VS. $14.75. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2.75 VS. $14.75
Risk/Reward Ratio:
5:1
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