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Waste Management Crosses Below its 10-day MA (WM)

By Amy Schwartz

Waste Management (NYSE:WM) crossed under its 10-day moving average of $74.78 on a volume of 584K 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.

In the past 52 weeks, shares of Waste Management have traded between a low of $61.08 and a high of $76.00 and are now at $74.21, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Waste Management on June 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.11. Since that recommendation, shares of Waste Management have risen 3.5%. 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

Ticker(s): WM