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After Yesterday's Decline of 3.21%, Waste Management Offers Investors Better Value

By Shiri Gupta

Waste Management (NYSE:WM) traded in a range yesterday that spanned from a low of $95.75 to a high of $100.61. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $97.08 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Waste Management have traded between a low of $85.34 and a high of $126.79 and are now at $95.84, which is 12% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.5%.

Keywords: rebounders Waste Management

Ticker(s): WM