Cintas Corp (NASDAQ: CTAS) Shows Relative Strength Says Market Timer Frank Kollar
December 11, 2008 (FinancialWire) (By Frank Kollar)
Shares of Cintas Corp (NASDAQ: CTAS) have advanced off their bear market lows some 24% in the past few weeks.
Cintas has what looks like a solid double bottom in place, in October and November (both at $20), marking a very strong support level.
The target for the current advance is at $26.46. If this level is surpassed, look for Cintas to move to the $28.16 level in short order.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
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