July 6, 2022

autosankauf-emsdetten.de

WEBSITE NEWS UPDATE

Cintas Hits 80-Plus Relative Strength Rating Benchmark

2 min read

On Tuesday, Cintas (CTAS) hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 77 the day before.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the trailing 52 weeks matches up against that of all other stocks.

Over 100 years of market history shows that the market’s biggest winners often have an 80 or better RS Rating in the early stages of their moves.


Looking For The Best Stocks To Buy And Watch? Start Here


Cintas is trying to complete a cup without handle with a 461.54 entry. See if it can break out in volume at least 40% above average.

Cintas saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 16% to 25%. Revenue rose from 9% to 10%.

Cintas earns the No. 3 rank among its peers in the Commercial Services-Outsourcing industry group. Exlservice (EXLS) and Cintas (CTAS) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

Which Stocks Are Showing Rising Relative Strength?

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Identify Bases And Buy Points With Pattern Recognition From MarketSmith

See also  This Option Trade Could Return 37% If AMD Stock Doesn’t Go Wild
Copyright © All rights reserved. | Newsphere by AF themes.