The Dirt on Environmental-Services Stocks

S&P says the group's longer-term momentum is improving, and its fundamental outlook is positive. Favorites include Republic Services and Waste Management

While flipping through the rolling 12-month relative strength charts for the nearly 140 subindustry indexes in the Standard & Poor's Composite 1500 index (consisting of the S&P 500, the S&P MidCap 400, and S&P SmallCap 600 indexes), the S&P Environmental & Facilities Services subindustry index chart popped out at me as a long-term turnaround candidate.

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