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After Yesterday's Rally of 1.19% Shares Could Potentially Pullback

By Shiri Gupta

Waste Management (NYSE:WM) traded in a range yesterday that spanned from a low of $64.52 to a high of $65.48. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $64.75 on volume of 456,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Waste Management. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Waste Management in search of a potential trend change.

In the past 52 weeks, shares of Waste Management have traded between a low of $45.86 and a high of $70.50 and are now at $65.44, which is 43% above that low price. 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%.

Keywords: rebounders Waste Management

Ticker(s): WM