Cintas Corp (CTAS) is simply 1 of 83 firms which have certified to be on our strongest ChartList, our Bullish Trifecta ChartList. With a view to make it, it should be on our (1) Robust Earnings ChartList (SECL – tracks firms that beat quarterly income and EPS estimates), (2) Robust AD ChartList (SADCL – requires a minimal SCTR rating of 75 and a robust accumulation/distribution line to recommend vital accumulation by Wall Road), and (3) Raised Steering ChartList (RGCL – simply because the title implies, an organization should have raised its quarterly or annual steerage). When CTAS reported its newest quarterly outcomes on March twenty ninth, they simply surpassed each income and EPS estimates. As well as, CTAS upped each its income and EPS steerage for the yr.
The next chart of CTAS highlights the proper aspect of a cup that shaped with its earnings response. For the previous week, it has been pulling again in a pleasant deal with because it approaches its rising 20-day EMA. Test it out:
My choice is to commerce shares that present all the traits of CTAS – main inventory in its business, beneath accumulation, sturdy quantity developments, better-than-expected revenues and EPS, a robust market response after earnings, and a pullback inside a really bullish continuation sample. None of this ensures a profitable commerce, however I do consider it will increase the chance.
Comfortable buying and selling!
Tom
Tom Bowley is the Chief Market Strategist of EarningsBeats.com, an organization offering a analysis and academic platform for each funding professionals and particular person traders. Tom writes a complete Each day Market Report (DMR), offering steerage to EB.com members day by day that the inventory market is open. Tom has contributed technical experience right here at StockCharts.com since 2006 and has a elementary background in public accounting as effectively, mixing a novel talent set to strategy the U.S. inventory market.