Republic Services Crosses Above its 10-day MA (RSG)
Republic Services (NYSE:RSG) crossed over its 10-day moving average of $49.55 on a volume of 135K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Republic Services has traded in a range of $38.99 to $50.00 and is now at $49.66, 27% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.
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 4.0%. 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