If you haven`t sold CTAS before the previous earnings:
Then analyzing the options chain and the chart patterns of CTAS Cintas Corporation prior to the earnings report this week,
I would consider purchasing the 680usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $3.20.
If these options prove to be profitable prior to the...
Cintas Corporation (NYSE: NASDAQ:CTAS ) shattered expectations with its stellar third-quarter performance, propelling the workplace equipment and cleaning supplies provider to record highs and igniting optimism among investors.
Cintas' robust earnings report for Q3 exceeded all forecasts, with earnings growth accelerating by an impressive 22.3% to reach $3.84...
I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Cintas share with a target price of 804$
I believe CTAS “Cintas” will fall for earnings due to the declining workforce in America especially with theory of AI threatening a significant amount of jobs in our near future. I can only see them lowering their forward guidance in this type of economic environment. Also forming a head and shoulders pattern on all charts up to the 1D. Let’s see how this plays out!
Analyzing the options chain and the chart patterns of CTAS Cintas Corporation prior to the earnings report this week,
I would consider purchasing the 500usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $10.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
AT A GLANCE
Simplistic Analysis: buy wave to the ceiling.
Trade Type: buy and wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: positive surprises for EPS & Revenues.
Earnings confidence on a scale of 1-5: 5
Company: Cintas Corporation
Ticker: CTAS
Exchange: NASDAQ
Sector: Industrials
Introduction:
Greetings and welcome to this analysis. Today, we are analyzing the weekly chart of Cintas Corporation (CTAS), containing a potential Cup and Handle pattern, indicating a bullish continuation, has formed.
Cup and Handle Pattern:
This Cup and Handle pattern is a...
The PEAD projected a Bullish outlook for $CTAS after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 90%.
Possible Phase C
Entry would be about 460 or on the retest of resistance, aiming to close the trade at 350. If it breaks the support at 350, we can follow the move to 240
CTAS
IBM
CINTAS CORPORATION - CTAS
INTERNATIONAL BUSINESS MACHINES CORPORATION - IBM
I sold 8 shares of NYSE:IBM for every one sold share of NASDAQ:CTAS
-
No stop loss.
----
Happy Trading!
The PEAD projected a Bullish outlook for $CTAS after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
Bottom trendline has been broken.
Earnings 7-14
No recommendation.
Steep climb up on Monthly timeframe.
Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments....
CTAS comes from manual screening outside of VCPSniper. What i like about this one is that it is showing us signs of strengths through VCP, volume does not indicate distribution, stock belongs to 'dividend aristocrats' list.
As alwasy - manage your risk.
The PEAD projected a Bullish outlook for $CTAS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%.
When I last spoke about CTAS it was just breaking out. After the breakout there was a run up but the general market correction brought it back down to the broken level.
CTAS is still trading with higher volume than its 14 day average and is still above its broken level.
This is a great opportunity to get in if you missed the last entry!
* Strong earnings quarter over quarter
* Very strong up trend on the longer time frames
* Broke out with higher than average volume
Great momentum stock to get in. The price is ready to move higher!
