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Cintas stock (CTAS) broke out today, moving above the stock’s April (436.64 pivot). In addition, Cintas’ Relative Strength (RS) Rating rose to 88.

Cintas is a uniform and garment renting and servicing company, as such, when earninss are rising it gives us a glimpse into the strength in payrolls. 

Mutual funds added to their holdings over the past 8 weeks, with 1,885 owning the stock, up from 1,801 in March. 

Cintas Stock Breaks Out

Over the past 8 weeks, Cintas built the right side of a cup pattern, with a 436.74 entry (0.10 above the April pivot). If the stock clears the breakout price on above average volume of at least 40% higher than normal, it will confirm bulls are in control.

In addition, Cintas stock shows its relative strength line is climbing to new high ground, a bullish sign of market leadership. Earnings is rising as well, noted in the right panel.


Five (5) additional stocks are in the list below the chart.

The company holds the No. 8 rank among its peers in the Commercial Services-Outsourcing industry group. Number one rated Exlservice (EXLS) and number three rated  Automatic Data Processing (ADP) are among this industry group’s highest-rated stocks.

When looking for the best stocks to buy and watch, two factors to watch closely is relative price strength and relative volume (RVOL).

Relative price strength measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the trailing 52 weeks matches up against the rest of the market. Relative volume on the other hand, measure whether a stock is under accumulation.

Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. In addition, volume precedes price. Higher volume usually precedes big price moves.

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