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Shares of Casella Waste Systems Rise to a New 52-Week High

By James Quinn

Shares of Casella Waste Systems (NASDAQ:CWST) traded at a new 52-week high today of $9.09. So far today approximately 167,000 shares have been exchanged, as compared to an average 30-day volume of 101,000 shares.

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.

Casella Waste Systems (NASDAQ:CWST) defies analysts with a current price ($9.05) 15.3% above its average consensus price target of $7.67. The stock should discover initial support at its 50-day moving average (MA) of $6.74 and subsequent support at its 200-day MA of $6.26.

In the past 52 weeks, Casella Waste Systems share prices have been bracketed by a low of $4.97 and a high of $9.09 and are now at $9.05, 82% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.8%.

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 45.4%. 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