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Shares of Republic Services Rise Above Previous 52-Week High

By Shiri Gupta

Republic Services (NYSE:RSG) traded at a new 52-week high today of $49.31. Approximately 104,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

In the past 52 weeks, Republic Services share prices have been bracketed by a low of $38.99 and a high of $49.31 and are now at $49.23, 26% above that low price. 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%.

Republic Services (NYSE:RSG) is currently priced 2.5% above its average consensus analyst price target of $48.00. Republic Services shares have support at the 50-day moving average (MA) of $46.94 and additional support at the 200-day MA of $43.99.

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.

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 3.4%. 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