Waste Management (WM) Offering Possible 13.4% Return Over the Next 9 Calendar Days

Waste Management's most recent trend suggests a bearish bias. One trading opportunity on Waste Management is a Bear Call Spread using a strike $147.00 short call and a strike $152.50 long call offers a potential 13.4% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $147.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.85 would be incurred if the stock rose above the $152.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Waste Management is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Waste Management is bearish.

The RSI indicator is at 22.65 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Waste Management

Ninepoint Partners LP Buys Crescent Point Energy Corp, Enerplus Corp, iShares iBoxx USD High …
Mon, 07 Feb 2022 22:38:06 +0000
Investment company Ninepoint Partners LP (Current Portfolio) buys Crescent Point Energy Corp, Enerplus Corp, iShares iBoxx USD High Yield Corporate Bond ETF, Switch Inc, Union Pacific Corp, sells Suncor Energy Inc, Cenovus Energy Inc, Pioneer Natural Resources Co, Devon Energy Corp, Waste Management Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Ninepoint Partners LP.

WM CEO details new branding and sustainability push
Mon, 07 Feb 2022 19:05:50 +0000
WM CEO Jim Fish joins Yahoo Finance Live to discuss a new branding initiative aimed at renewable energy and recycling projects.

2 Top Dividend Stocks to Bolster Your Retirement Portfolio in a Market Correction
Mon, 07 Feb 2022 11:00:00 +0000
It's extremely important to have exposure to stocks, even when you stop working, because your hard-earned savings need to keep up with inflation. This way, even during market corrections like the one we've been seeing in 2022, your portfolio will remain more stable and you'll continue to make money. Two companies that are likely to keep paying you and are continuing to grow are Waste Management (NYSE: WM) and Pfizer (NYSE: PFE).

Was The Smart Money Right About Waste Management, Inc. (WM)?
Sun, 06 Feb 2022 20:53:00 +0000
Technology stocks had a lousy start to 2022. QQQ lost 9% of its value in January. Pandemic winners are getting crushed while energy stocks are surging. Roblox lost 36%, Moderna lost 33%, and Carvana and Shopify lost 30% of their values in January. We aren’t certain about the bubbly technology stocks that trade for ridiculously […]

Brooks, Moore & Associates, Inc. Buys JPMorgan Ultra-Short Income ETF, Webster Financial …
Fri, 04 Feb 2022 18:38:11 +0000
Investment company Brooks, Moore & Associates, Inc. (Current Portfolio) buys JPMorgan Ultra-Short Income ETF, Webster Financial Corp, ViacomCBS Inc, Vanguard Ultra-Short Bond ETF, Encompass Health Corp, sells Fiserv Inc, Bristol-Myers Squibb Co, Organon, International Business Machines Corp, Vanguard Short-Term Bond ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Brooks, Moore & Associates, Inc..

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