Waste Management (WM) Offering Possible 24.22% Return Over the Next 29 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 $145.00 short call and a strike $155.00 long call offers a potential 24.22% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $145.00 by expiration. The full premium credit of $1.95 would be kept by the premium seller. The risk of $8.05 would be incurred if the stock rose above the $155.00 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 35.88 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

Waste Management's (NYSE:WM) investors will be pleased with their stellar 126% return over the last five years
Thu, 10 Feb 2022 17:52:47 +0000
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put…

Why I Love Waste Management's $1.6 Billion Investment in Its Future
Wed, 09 Feb 2022 13:07:00 +0000
Waste Management (NYSE: WM) reported its fourth-quarter earnings on Feb. 2, and the results were met with mixed reactions. The company delivered revenue and net income in line with analysts' estimates, but that represented stronger growth than normal. Revenue was up 15% year over year to almost $4.7 billion, while the company's net income grew 16% to $506 million, driven by stable increases in its trash volume.

Waste Management buys 64 acres in Bucks County, plans $100M landfill expansion
Tue, 08 Feb 2022 16:52:48 +0000
The company bought the property at the former U.S. Steel site in Fairless Hills from NorthPoint Development.

AMF Tjanstepension AB Buys Berkshire Hathaway Inc, IQVIA Holdings Inc, Lam Research Corp, Sells …
Tue, 08 Feb 2022 15:38:02 +0000
Investment company AMF Tjanstepension AB (Current Portfolio) buys Berkshire Hathaway Inc, IQVIA Holdings Inc, Lam Research Corp, Nutrien, Waste Management Inc, sells Adobe Inc, Texas Instruments Inc, Salesforce.com Inc, Thermo Fisher Scientific Inc, Eaton Corp PLC during the 3-months ended 2021Q4, according to the most recent filings of the investment company, AMF Tjanstepension AB.

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.

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