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Shares of Waste Management Rise to a New 52-Week High

By James Quinn

Shares of Waste Management (NYSE:WM) traded at a new 52-week high today of $109.60. Approximately 89,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.

Waste Management, Inc. provides waste management services including collection, transfer, recycling, resource recovery, and disposal services, and operates waste-to-energy facilities. The Company serves municipal, commercial, industrial, and residential customers throughout North America.

Over the past year, Waste Management has traded in a range of $79.96 to $109.60 and is now at $109.44, 37% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 0.51% higher over the past week, respectively.

Based on a current price of $109.44, Waste Management is currently 15.4% above its average consensus analyst price target of $92.56. The stock should find initial support at its 50-day moving average (MA) of $104.12 and further support at its 200-day MA of $95.08.

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: 52 week high/lows Waste Management

Ticker(s): WM