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Republic Services Bearish Moving Average Crossover Alert (RSG)

By Nick Russo

Republic Services (NYSE:RSG) crossed under its 10-day moving average of $62.67 on a volume of 171K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Republic Services has traded in a range of $38.99 to $63.84 and is now at $62.34, 60% above that low. The 200-day and 50-day moving averages have moved 0.31% higher and 0.26% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Republic Services on October 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.75. Since that recommendation, shares of Republic Services have risen 21.5%. We continue to monitor RSG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Republic Services

Ticker(s): RSG