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 26.44% return on risk over the next 10 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 $1.15 would be kept by the premium seller. The risk of $4.35 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 20.95 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
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
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Brooks, Moore & Associates, Inc. Buys JPMorgan Ultra-Short Income ETF, Webster Financial …
Fri, 04 Feb 2022 18:38:11 +0000
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Greatmark Investment Partners, Inc. Buys Amgen Inc, Invesco BulletShares 2023 Corporate Bond …
Thu, 03 Feb 2022 22:38:02 +0000
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Paul Polman and George Bandy Among Sustainability Experts and Industry Leaders Convening at WM's 2022 Sustainability Forum, “For Tomorrow”
Thu, 03 Feb 2022 13:00:00 +0000
Engaging others in dialogue around climate, innovation, social impact and circularity, Waste Management (NYSE:WM) is hosting its 11th annual 2022 WM Sustainability Forum on Wednesday, Feb. 9, at 11 a.m. CT/12 p.m. ET, and the company is inviting anyone interested in joining the online event to register at no cost at WM.com/Forum.
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