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Bullish Moving Average Cross by Waste Management (WM)

By Amy Schwartz

Today, shares of Waste Management (NYSE:WM) have crossed bullishly above their 10-day moving average of $63.19 on a volume of 957K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Waste Management has traded in a range of $45.86 to $70.50 and is now at $63.46, 38% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Waste Management and will alert subscribers who have WM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Waste Management

Ticker(s): WM