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Recent 52-Week High Exceeded in Shares of Republic Services (RSG)

By Nick Russo

Shares of Republic Services (NYSE:RSG) traded at a new 52-week high today of $52.70. Approximately 155,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

Republic Services, Inc. provides non-hazardous solid waste collection and disposal services in the United States. The Company provides solid waste collection services for commercial, industrial, municipal, and residential customers. Republic also operates transfer stations, landfills, and recycling facilities.

Over the past year, Republic Services has traded in a range of $38.99 to $52.70 and is now at $52.56, 35% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

Based on a current price of $52.56, Republic Services is currently 8.7% above its average consensus analyst price target of $48.00. The stock should find initial support at its 50-day moving average (MA) of $46.94 and further support at its 200-day MA of $43.99.

SmarTrend recommended that subscribers consider buying shares of Republic Services on May 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.55. Since that recommendation, shares of Republic Services have risen 10.5%. We continue to monitor RSG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Republic Services

Ticker(s): RSG