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Watch for Continued Gains in Shares of Waste Management (WM)

By Nick Russo

Shares of Waste Management (NYSE:WM) traded today at $101.90, breaking its 52-week high. Approximately 57,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, shares of Waste Management have traded between a low of $79.96 and a high of $101.90 and are now at $101.75, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

Waste Management (NYSE:WM) defies analysts with a current price ($101.75) 9.0% above its average consensus price target of $92.56. Waste Management shares have support at the 50-day moving average (MA) of $97.08 and additional support at the 200-day MA of $90.47.

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.

SmarTrend recommended that subscribers consider buying shares of Waste Management on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.93. Since that recommendation, shares of Waste Management have risen 12.8%. We continue to monitor WM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Waste Management

Ticker(s): WM