$CTAS entered a “Go” trend earlier this month.
The stock crashed sharply through all of December, including a gap that sent prices to lows of around $180. Since then, we have seen a steady climb off those lows, and after GoNoGo Oscillator broke back above the zero line price was able to fill the gap and enter a “Go” trend. With prices consolidating at levels that coincide with the top of that gap, we see GoNoGo Oscillator finding support at the zero line for the first time. This tells us that momentum is resurgent in the direction of the “Go” trend, and we will look for price to climb further, perhaps even challenging those late November highs.
