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After Yesterday's Rally of 1.29% Shares Could Potentially Pullback

By Nick Russo

Waste Management (NYSE:WM) traded in a range yesterday that spanned from a low of $102.71 to a high of $103.00. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $102.41 on volume of 594,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Waste Management have traded between a low of $79.96 and a high of $104.80 and are now at $102.95, which is 29% 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 0.4%.

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: rebounders Waste Management

Ticker(s): WM