$CTAS Cintas Corp Needs a correction, Bearish divergences
Longs may be a little nervy into earnings tomorrow, the stock has had a incredible run higher in 2019, but the indicators are showing weakness. Although the company has a fantastic earnings beat history, technical traders will have a close eye on this stock for a sell off regardless of results. Bearish divergences are present on the indicators and that should not be ignored, fundamentally it is fine to be bullish but that is only 50% of the signals you should use.
The main concern on the indicators is the CMF and Momentum which signals enthusiasm for the stock is dying, be cautious that if the stock has a positive pop post earnings, don't go chasing it, don't be the last to the party,
pickings will be slim.
AVERAGE ANALYSTS PRICE TARGET $223
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 32
SHORT INTEREST 3.64%
COMPANY PROFILE
Cintas Corp. engages in the provision and supply of corporate identity uniform programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment consists of rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items. The First Aid and Safety Services segment comprises of first aid and safety products and services. The All Other segment includes fire protection services and its direct sale business. The company was founded by Richard T. Farmer in 1968 and is headquartered in Cincinnati, OH.
The main concern on the indicators is the CMF and Momentum which signals enthusiasm for the stock is dying, be cautious that if the stock has a positive pop post earnings, don't go chasing it, don't be the last to the party,
pickings will be slim.
AVERAGE ANALYSTS PRICE TARGET $223
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 32
SHORT INTEREST 3.64%
COMPANY PROFILE
Cintas Corp. engages in the provision and supply of corporate identity uniform programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment consists of rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items. The First Aid and Safety Services segment comprises of first aid and safety products and services. The All Other segment includes fire protection services and its direct sale business. The company was founded by Richard T. Farmer in 1968 and is headquartered in Cincinnati, OH.