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

By Nick Russo

Waste Management (NYSE:WM) traded today at a new 52-week high of $109.99. Approximately 73,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

Based on a current price of $109.84, Waste Management is currently 15.7% above its average consensus analyst price target of $92.56. The stock should discover initial support at its 50-day moving average (MA) of $104.65 and subsequent support at its 200-day MA of $95.37.

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.

In the past 52 weeks, Waste Management share prices have been bracketed by a low of $79.96 and a high of $109.99 and are now at $109.84, 37% 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 0.7%.

SmarTrend is tracking the current trend status for Waste Management and will alert subscribers who have WM in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Waste Management

Ticker(s): WM