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Next Support Level for Waste Management (WM) is $114.70

By Amy Schwartz

Shares of Waste Management (NYSE:WM) opened today below their pivot of $115.77 and have already reached the first level of support at $115.37. Investors may be interested in a cross of the next downside pivot targets of $114.70 and $113.63.

In the past 52 weeks, Waste Management share prices have been bracketed by a low of $83.22 and a high of $121.77 and are now at $116.04, 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

Waste Management (NYSE:WM) defies analysts with a current price ($116.04) 20.2% above its average consensus price target of $92.56. The stock should hit resistance at its 50-day moving average (MA) of $116.39, as well as support at its 200-day MA of $108.39.

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.

Keywords: pivot alerts Waste Management

Ticker(s): WM