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Waste Management Bearish Moving Average Crossover Alert (WM)

By David Diaz

Waste Management (NYSE:WM) crossed under its 10-day moving average of $82.14 on a volume of 463K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Waste Management have traded between a low of $61.08 and a high of $89.73 and are now at $81.14, which is 33% 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 0.6%.

SmarTrend is monitoring the recent change of momentum in Waste Management. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Waste Management in search of a potential trend change.

Keywords: moving crosses Waste Management

Ticker(s): WM