Republic Services $RSG Technical Update
The Republic Services (NYSE: RSG) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for RSG, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
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Long Term Trading Plans for RSG
October 11, 2018, 10:30 pm ET
The Technical Summary and Trading Plans for RSG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this RSG Report.
RSG - (Long) Support Plan
Buy over 69.95 target 73.70 stop loss @ 69.69.
The technical summary data tells us to buy RSG near 69.95 with an upside target of 73.70. This data also tells us to set a stop loss @ 69.69 to protect against excessive loss in case the stock begins to move against the trade. 69.95 is the first level of support below 72.86 , and by rule, any test of support is a buy signal. In this case, support 69.95 would be being tested, so a buy signal would exist.
RSG - (Short) Resistance Plan
Short under 73.70 target 69.95 stop loss @ 73.96.
The technical summary data is suggesting a short of RSG as it gets near 73.70 with a downside target of 69.95. We should have a stop loss in place at 73.96 though. 73.70 is the first level of resistance above 72.86, and by rule, any test of resistance is a short signal. In this case, if resistance 73.70 is being tested, so a short signal would exist.