Long Position on RSG @ $128.00 on 2/3/2022 (Fundamentals)

Republic Services, Inc. (RSG) provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. Stockwinners

The company serves small-container, large-container, and municipal and residential customers. The company's collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.

It is also involved in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; and provision of landfill and transfer services.

In addition, the company offers disposal of non-hazardous solid and liquid material and in-plant services, such as transportation and logistics.

As of December 31, 2020, the company operated through 345 collection operations, 220 transfer stations, 186 active landfills, 76 recycling processing centers, 9 salt water disposal wells, and 7 deep injection wells, as well as 6 treatment, recovery, and disposal facilities in 41 states. It also operated 75 landfill gas-to-energy and renewable energy projects and had 128 closed landfills.

Shares have rebounded from the lower boundary of an upward trading channel. The 200-day moving average coincides with the support level. MACD on the stock has turned bullish and that should help share prices.

The company reports February 10th. The company expects 2021 earnings of $4.10 to $4.13 per share. 

 

Entry Point: $128.00

Trading Range: $88.62 - $145.98

Stop Loss: $122.00

Target Price: $141.00

Updates

2/11/2022 2:00:35 PM

RSG closed at $122

Position closed on 2/11/2022 at price of $122.00 with a -4.69% loss in 8 days.

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