• Return to Headlines

Bearish Moving Average Cross by Waste Management (WM)

By Nick Russo

Waste Management (NYSE:WM) crossed under its 10-day moving average of $115.84 on a volume of 348K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Waste Management has traded in a range of $83.22 to $121.77 and is now at $115.35, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.5%.

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: moving crosses Waste Management

Ticker(s): WM