Cintas Corp

CTAS remains in a Stage 2 advancing trend with strong bullish momentum following a Momentum Breakout pattern, but extreme overbought conditions and price extended above key EMAs suggest patience is warranted. We will stalk for a pullback into the rising EMA support zone before buying.

• ↑Q3 revenue reached $2.84B, up 8.9% YoY across all segments
• ↑Gross margin increased 40 bps to 51%; diluted EPS rose 9.7% to $1.24
• ↓Inflation and supply-chain costs may erode margins; energy costs add ~30 bps