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

By Amy Schwartz

Republic Services (NYSE:RSG) traded today at a new 52-week high of $45.24. So far today approximately 91,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.

There is potential upside of 6.3% for shares of Republic Services based on a current price of $45.15 and an average consensus analyst price target of $48.00. Republic Services shares have support at the 50-day moving average (MA) of $43.82 and additional support at the 200-day MA of $41.61.

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.

In the past 52 weeks, shares of Republic Services have traded between a low of $38.95 and a high of $45.24 and are now at $45.15, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Republic Services on October 8th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.65. Since that recommendation, shares of Republic Services have risen 5.2%. 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