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

By Amy Schwartz

Waste Management (NYSE:WM) shares have crossed bearishly below their 10-day moving average of $117.44 on a volume of 254K shares. This may provide swing traders with an opportunity 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 $118.89 and a 52-week low of $81.01 and are now trading 44% above that low price at $116.65 per share. Over the last five market days, 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 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.06. Since that recommendation, shares of Waste Management have risen 12.5%. 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