Cintas (CTAS) anyone?

V

VicBee

I've been a CTAS investor since June 2020 and quite happy with my returns.
Like the rest of the market, it's been struggling as an investment starting in late Dec. 2021, although it's been quite rewarding for swing traders since then, with 2 significant highs around 440 and lows around 360.
The stock is now trending up from a 376 low and I expect it will hit 440 again within a month based on just announced quarterly dividend of 1.15 on Dec.15.

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deaddog said:
Why 425?
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The basis is that I'm looking to close the position above a post tax profit to allocate elsewhere.
Looking at the chart, 436 was hit twice this year after drops to 360. This time around support held at 376 in a similar pattern to the previous 2, so I expect at least a 436 this time around. Anything above 425 is gravy.

Sophisticated enough?
 
VicBee said:
The basis is that I'm looking to close the position above a post tax profit to allocate elsewhere.
Looking at the chart, 436 was hit twice this year after drops to 360. This time around support held at 376 in a similar pattern to the previous 2, so I expect at least a 436 this time around. Anything above 425 is gravy.

Sophisticated enough?
More...
For someone looking to close the position it just seemed like an arbitrary number. Why not 424 or 426.

Why not a trendline or moving average break. It's been making lower highs.

How do you exit? When you say anything above 425 is gravy, I take it you don't have an order in the market at 425.
 
deaddog said:
For someone looking to close the position it just seemed like an arbitrary number. Why not 424 or 426.

Why not a trendline or moving average break. It's been making lower highs.

How do you exit? When you say anything above 425 is gravy, I take it you don't have an order in the market at 425.
More...
Yes, 425 is arbitrary. I will put a sell at 427 with a $2 trailing stop and see how much more I can squeeze from this trade.
 
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