This Leading Waste Management Stock Is Getting Dumped

This morning, leading waste management company Republic Services, Inc(NYSE:RSG) is trading lower by more than 5.0 percent on the back of a downgrade. The stock tested its 200-day moving average at $62.50 and is holding so far. Unfortunately, the daily chart pattern is signaling further downside to come for the stock. Traders and investors will now need to watch the $59.00 level for major chart support. This level is where the RSG stock broke out in February 2017. Often, when stocks retest their break-out levels they will be defended by the institutional money. Keep the $59.00 level on the radar for RSG when it trades down there.





Nicholas Santiago
InTheMoneyStocks