Long Position on CTAS @ $77.00 on 1/12/2015 (Momentum)

Cintas Corporation (CTAS) provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia.

The company’s Rental Uniforms and Ancillary Products segment rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services. Its Uniform Direct Sales segment is involved in the direct sale of uniforms and related items.

The company’s First Aid, Safety, and Fire Protection Services segment offers first aid, safety, and fire protection products and services. Its Document Management Services segment provides document destruction, document imaging, and document retention services.

The company offers its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as corporations. 

Shares have formed a bullish "flag" following the company' strong results and issuing upside guidance. Higher share prices are expected for this stock.

52-Week Trading Range: $55.35 - $80.35

Entry Point: $77.00

Stop Loss: $73.15

Target Price: $84.70 

Updates

2/12/2015 9:55:53 AM

We are taking profits on CTAS at $81.11 after its 30 days expired.

Position closed on 2/12/2015 at price of $81.11 with a 5.34% gain in 31 days.

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