The Relative Strength (RS) Rating for Republic Services (RSG) jumped into a new percentile Tuesday, as it got a lift from 70 to 73.

IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Republic Services can continue to rebound and clear that threshold.

When To Sell Stocks To Lock In Profits And Minimize Losses

Republic Services broke out earlier, but has fallen back below the prior 208.69 entry from a flat base. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also keep in mind that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.

While the company's top line growth fell last quarter from 9% to 7%, EPS grew 18%, up from 14% in the previous report.

Republic Services earns the No. 6 rank among its peers in the Pollution-Control industry group. Aris Water Solutions (ARIS), Perma-Pipe Intl (PPIH) and Clean Harbors (CLH) are among the top 5 highly rated stocks within the group.

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