Cintas Corp

Today we've chosen to take a look at the chart of Cintas Corp. (Nasdaq:CTAS) because it has fallen below an influential level of support. As you can see from the chart below, the $35 level has been able to prop up the price in the past, but the recent close below is suggesting that the bears could remain in control. We'd expect the former support to now act as a level of resistance when the bulls step back in. It would not be surprising to see technical traders keep a bearish outlook on the stock and we believe that many will likely put their stop-loss orders above the support level.