Waste Management Bearish Moving Average Crossover Alert (WM)
Today, shares of Waste Management (NYSE:WM) have fallen below their 10-day MA of $67.58 on a volume of 218K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Waste Management share prices have moved between a 52-week high of $70.50 and a 52-week low of $45.86 and are now trading 47% above that low price at $67.28 per share. 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 recommended that subscribers consider buying shares of Waste Management on April 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.47. Since that recommendation, shares of Waste Management have risen 15.9%. We continue to monitor WM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Waste Management