Volatility Contraction Sets Up CTAS Move Near $191.14
NeutralCintas Corp (CTAS) traded flat at $191.14 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($189.65) with a bullish stack. The 21-day EMA at $187.88 provides support.
Momentum
RSI at 60.3 is in neutral territory but trending higher. MACD is bullish (1.16 vs signal 0.47).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.