Republic Services (RSG) NewsBite - Trading With Unusual Volume
Posted: Wednesday, December 03, 2008 2:48 PM EDT
By: Market Intelligence Center Staff
Republic Services (RSG) appears to be trading at a higher than usual volume today and is now at $23.17, up $1.19 (5.41%) on volume of 3,465,805 shares traded. For the last 30 days RSG has traded 2,203,200 shares on average each day. So far today's volume is 57.31% above that average volume. Over the last 52 weeks the stock has ranged from a low of $18.25 to a high of $36.52. Republic Services stock has been showing support around $21.06 and resistance in the $23.14 range. Technical indicators for the stock are bullish and S&P gives RSG a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on RSG the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Republic Services (RSG) Stock ReportSee what our analysts have uncovered about Republic Services (RSG).