6 Stock Charts to Watch After the S&P 500′s New High

These stocks could have some meaningful upside in a rally

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6 Stock Charts to Watch After the S&P 500′s New High

Stock Charts to Watch: Republic Services Group (RSG)

rsg 300x173 6 Stock Charts to Watch After the S&P 500s New High
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The waste management business might not be exciting, but technicians might find themselves giddy after a look at this chart.

Republic Services Group (RSG), which faces resistance at $35.61, closed Friday at $34.91. While the technical outlook is positive, be mindful that growth is expected to be flat this year and that full-year earnings estimates have ticked slightly lower in the past 90 days. Still, the long-term nature of the resistance for RSG indicates the potential for meaningful short-term upside on a breakout.

RSG stock also has defined support, indicating that there might be opportunity here in a down market as well as a rally.


Article printed from InvestorPlace Media, http://investorplace.com/2014/05/6-stock-charts-to-watch-sp-500/.

©2014 InvestorPlace Media, LLC

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