Stock Charts to Watch: Republic Services Group (RSG)
Click to Enlarge 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.