Waste Management (WM) Offering Possible 20.48% Return Over the Next 14 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 $155.00 short put and a strike $145.00 long put offers a potential 20.48% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $8.30 would be incurred if the stock dropped below the $145.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Waste Management is bullish and the probability of a rise 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 74.76 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

If You Invested $1000 in Waste Management 10 Years Ago, This Is How Much You'd Have Now
Fri, 27 Aug 2021 12:30:12 +0000
Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.

Waste Management (WM) Up 4.9% Since Last Earnings Report: Can It Continue?
Thu, 26 Aug 2021 15:31:03 +0000
Waste Management (WM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

There's Nothing Trashy About This Company
Thu, 26 Aug 2021 12:15:00 +0000
Waste Management's dominance in its market could allow for continued success in the trash business.

Waste Management's (NYSE:WM) investors will be pleased with their splendid 165% return over the last five years
Mon, 23 Aug 2021 19:16:09 +0000
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on a lighter note, a…

WM Announces Cash Dividend
Mon, 16 Aug 2021 23:57:00 +0000
HOUSTON, August 16, 2021–Waste Management, Inc. (NYSE: WM) today announced the declaration of a quarterly cash dividend of $0.575 per share payable Sept. 17, 2021 to stockholders of record on Sept. 3, 2021.

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