On Friday, Republic Services got an upgrade to its Relative Strength (RS) Rating, from 69 to 72.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Republic Services can continue to show renewed price strength and clear that threshold.
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Republic Services is building a flat base with a 220.58 buy point. See if the stock can break out in heavy trade.
Earnings growth moved up last quarter from 14% to 18%, but revenue fell from 9% to 7%. The next quarterly results are expected on or around Feb. 6.
Republic Services earns the No. 4 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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