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Recent 52-Week High Exceeded in Shares of Casella Waste Systems (CWST)

By Shiri Gupta

Casella Waste Systems (NASDAQ:CWST) traded at a new 52-week high today of $15.85. Approximately 73,000 shares have changed hands today, as compared to an average 30-day volume of 101,000 shares.

Over the past year, Casella Waste Systems has traded in a range of $4.97 to $15.85 and is now at $15.19, 206% 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 1.8%.

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.

Potential upside of 2.0% exists for Casella Waste Systems, based on a current level of $15.19 and analysts' average consensus price target of $15.50. The stock should find initial support at its 50-day moving average (MA) of $6.74 and further support at its 200-day MA of $6.26.

SmarTrend recommended that subscribers consider buying shares of Casella Waste Systems on March 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.71. Since that recommendation, shares of Casella Waste Systems have risen 17.4%. 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