When (CTAS) Moves Investors should Listen

March 19, 2024, 15:34 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CTAS

• Buy CTAS slightly over 613.46 target 640.25 stop loss @ 611.69 Details

The technical summary data tells us to buy CTAS near 613.46 with an upside target of 640.25. This data also tells us to set a stop loss @ 611.69 to protect against excessive loss in case the stock begins to move against the trade. 613.46 is the first level of support below 626.26 , and by rule, any test of support is a buy signal. In this case, support 613.46 is being tested, a buy signal would exist.

• Short CTAS slightly under 640.25, target 613.46, stop loss @ 642.1 Details

The technical summary data is suggesting a short of CTAS as it gets near 640.25 with a downside target of 613.46. We should have a stop loss in place at 642.1though. 640.25 is the first level of resistance above 626.26, and by rule, any test of resistance is a short signal. In this case, if resistance 640.25 is being tested, a short signal would exist.

Swing Trading Plans for CTAS

• Buy CTAS slightly over 629.63, target 640.25, Stop Loss @ 627.81 Details

If 629.63 begins to break higher, the technical summary data tells us to buy CTAS just slightly over 629.63, with an upside target of 640.25. The data also tells us to set a stop loss @ 627.81 in case the stock turns against the trade. 629.63 is the first level of resistance above 626.26, and by rule, any break above resistance is a buy signal. In this case, 629.63, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CTAS slightly near 629.63, target 621.32, Stop Loss @ 631.45. Details

The technical summary data is suggesting a short of CTAS if it tests 629.63 with a downside target of 621.32. We should have a stop loss in place at 631.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 629.63, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CTAS

• Buy CTAS slightly over 629.63, target 631.42, Stop Loss @ 628.16 Details

If 629.63 begins to break higher, the technical summary data tells us to buy CTAS just slightly over 629.63, with an upside target of 631.42. The data also tells us to set a stop loss @ 628.16 in case the stock turns against the trade. 629.63 is the first level of resistance above 626.26, and by rule, any break above resistance is a buy signal. In this case, 629.63, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CTAS slightly near 629.63, target 626.16, Stop Loss @ 631.1. Details

The technical summary data is suggesting a short of CTAS if it tests 629.63 with a downside target of 626.16. We should have a stop loss in place at 631.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 629.63, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Cintas Corporation (CTAS) available here: CTAS.

CTAS Ratings for March 19:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	585.66
P2	626.16	621.32	613.46
P3	631.42	629.63	640.25

AI Generated Signals for CTAS

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Cintas Corporation (NASDAQ: CTAS) report below is a real world example. Included are trading plans for CTAS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.