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Republic Services: 52-Week High Recently Eclipsed (RSG)

By James Quinn

Shares of Republic Services (NYSE:RSG) traded at a new 52-week high today of $39.62. This new high was reached on below average trading volume as 410,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

Republic Services share prices have moved between a 52-week high of $39.62 and a 52-week low of $31.42 and are now trading 26% above that low price at $39.48 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

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.

Republic Services (NYSE:RSG) defies analysts with a current price ($39.48) 0.6% above its average consensus price target of $39.25. The stock should discover initial support at its 50-day moving average (MA) of $37.76 and subsequent support at its 200-day MA of $34.98.

SmarTrend recommended that subscribers consider buying shares of Republic Services on February 11th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.39. Since that recommendation, shares of Republic Services have risen 18.5%. 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