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Shares of Republic Services Rise Above Previous 52-Week High

By Amy Schwartz

Republic Services (NYSE:RSG) traded today at a new 52-week high of $48.99. So far today approximately 92,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

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 ($48.95) 1.9% above its average consensus price target of $48.00. The stock should discover initial support at its 50-day moving average (MA) of $46.94 and subsequent support at its 200-day MA of $43.99.

In the past 52 weeks, shares of Republic Services have traded between a low of $38.99 and a high of $48.99 and are now at $48.95, which is 26% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.26% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Republic Services and will alert subscribers who have RSG in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Republic Services

Ticker(s): RSG