The bullish DailyPlay we chose for Friday Jan 5th is Cintas (CTAS). CTAS is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 3.88% move higher and its 1m and 6m trend has turned bullish on 11/27 and recently broke higher above its $75 resistance level which now becomes support.
Cintas’ 1m and 6m trends turned bullish on 1/3 and recently bounced higher off its $156 support level. With a technical score of 8 (out of 10), CTAS is a strong bullish stock that is likely to continue higher.
As a stop loss, if CTAS was to trade below $156 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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