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Aug 2, 2019 6:22 PM

Structural Trend Remains! Long

Republic Services, Inc.NYSE

Description

RSG broke out of an upward wedge formation back in 2014. Fibonacci advancements have proven correct so far. RSG recently reported solid earning while also increasing the dividend by 8%. RSG is also focusing on converting customers over to a 3% or better price adjustment contracts. The Trend Is your Friend! Focusing on the technical as well as positive fundamental picture here is important.
Discounting Cash Flows with a relative 4% Growth Rate indicates an Intrinsic Value Buy price of $47 and a Sell price of $121.
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