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Casella Waste Systems: 52-Week High Recently Eclipsed (CWST)

By James Quinn

Shares of Casella Waste Systems (NASDAQ:CWST) traded at a new 52-week high today of $10.34. So far today approximately 66,000 shares have been exchanged, as compared to an average 30-day volume of 101,000 shares.

Casella Waste Systems share prices have moved between a 52-week high of $10.34 and a 52-week low of $4.97 and are now trading 106% above that low price at $10.25 per share. The 200-day and 50-day moving averages have moved 0.39% higher and 1.81% higher over the past week, respectively.

Casella Waste Systems (NASDAQ:CWST) defies analysts with a current price ($10.25) 25.2% above its average consensus price target of $7.67. Casella Waste Systems shares have support at the 50-day moving average (MA) of $6.74 and additional support at the 200-day MA of $6.26.

Casella Waste Systems, Inc. provides integrated, non-hazardous solid waste services throughout the eastern United States. The Company provides collection, transfer, disposal, and recycling services, generates steam, and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States.

SmarTrend recommended that subscribers consider buying shares of Casella Waste Systems on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.12. Since that recommendation, shares of Casella Waste Systems have risen 63.7%. We continue to monitor CWST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows casella waste systems

Ticker(s): CWST