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Next Resistance Level for Waste Management (WM) is $101.28

By David Diaz

Shares of Waste Management (NYSE:WM) have bullishly opened above the pivot of $100.66 today and have reached the first resistance level of $100.86. Analysts will be watching for a cross of the next upside pivot targets of $101.28 and $101.90.

Waste Management (NYSE:WM) is currently priced 7.9% above its average consensus analyst price target of $92.56. The stock should find initial support at its 50-day moving average (MA) of $96.58 and further support at its 200-day MA of $90.29.

In the past 52 weeks, Waste Management share prices have been bracketed by a low of $79.96 and a high of $101.78 and are now at $100.45, 26% 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 1.1%.

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 12.5%. We continue to monitor WM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Waste Management

Ticker(s): WM