Waste Management (WM) Offering Possible 16.28% Return Over the Next 24 Calendar Days

Waste Management's most recent trend suggests a bullish bias. One trading opportunity on Waste Management is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 16.28% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $8.60 would be incurred if the stock dropped below the $110.00 long put 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 up which suggests that the medium-term momentum for Waste Management is bullish.

The RSI indicator is at 67.51 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

While the Nasdaq Crashed, These 3 Dividend Stocks Soared
Sat, 20 Mar 2021 11:30:00 +0000
Tech and consumer discretionary stocks, which make up roughly 40% of the S&P 500, gained an average of over 30% in 2020. While the Nasdaq crashed, ConocoPhillips (NYSE: COP), Waste Management (NYSE: WM), and Starbucks (NASDAQ: SBUX) soared. The payday has been a long time coming for ConocoPhillips.

Is Waste Management Stock a Buy?
Thu, 18 Mar 2021 13:30:00 +0000
With a highly reliable business, Waste Management is the kind of company a conservative investor could love. But is it worth buying?

10 Best Industrial Dividend Stocks For 2021
Wed, 17 Mar 2021 15:55:18 +0000
In this article we will take a look at 10 best industrial dividend stocks for 2021. You can skip our detailed discussion about the merits of dividend investing and go directly to 5 Best Industrial Dividend Stocks For 2021. The coronavirus crisis has hammered the global economy. Countries facing their second or even a third […]

Is Kroger Stock A Buy Right Now? Here's What Earnings, Charts Show
Tue, 16 Mar 2021 20:44:03 +0000
It is one of the country's biggest grocers, and has seen earnings balloon in the age of Covid-19. So is Kroger stock a buy right now?

Waste Management Elects Sean Menke and Maryrose Sylvester to Board of Directors
Mon, 15 Mar 2021 23:32:00 +0000
Waste Management (NYSE: WM) announced today that Sean Menke, President and Chief Executive Officer of Sabre Corporation, and Maryrose Sylvester, former U.S. Managing Director and U.S. Head of Electrification for ABB Ltd., have been elected to its board of directors, effective immediately.

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