In a welcome move, Republic Services saw its Relative Strength Rating improve from 70 to 74 on Thursday.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Republic Services can continue to rebound and clear that threshold.
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Republic Services is still inside a buying range after moving past a 208.69 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
Earnings growth increased last quarter from 14% to 18%. But sales fell from 9% to 7%.
Republic Services earns the No. 5 rank among its peers in the Pollution-Control industry group. Aris Water Solutions is the top-ranked stock within the group.
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