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

By Nick Russo

Shares of Republic Svcs (NYSE:RSG) traded today at $79.23, breaking its 52-week high. Approximately 254,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Republic Svcs (NYSE:RSG) is currently priced 12.5% above its average consensus analyst price target of $69.12. The stock should find initial support at its 50-day moving average (MA) of $76.52 and further support at its 200-day MA of $73.23.

In the past 52 weeks, Republic Svcs share prices have been bracketed by a low of $64.13 and a high of $79.23 and are now at $79.02, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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.

SmarTrend recommended that subscribers consider buying shares of Republic Svcs on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.56. Since that recommendation, shares of Republic Svcs have risen 7.3%. 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 svcs

Ticker(s): RSG