Waste Management (WM) is a US waste management company founded in 1968 by Wayne Huizenga, Dean Buntrock and Larry Beck and headquartered in Houston, Texas. The company’s shares are traded on the New York Stock Exchange and are listed on the S&P 500 stock index.
With the setback to EUR 129.95, Waste Management crossed the 20-day line downwards on 10/09/2021. Waste Management stock has been in a long-term uptrend since 03/04/2021 and has gained +36.11% during this period. The distance to the 200-day line is currently +18.03%. Waste Management shares are now in medium and long-term uptrends, but short-term downtrends as the price crossed the 20-day line yesterday. However, clear uptrends in all time horizons are now within reach, as the price would only need to rise 0.20 percent to cross the 20-day GD at 130.21 to the upside. As long as the price does not cross another trend line to the downside, the next price target is the 10-year high of 131.35 marked on Aug. 30, 2021, which for the time being implies an upside potential of only 1.08 percent.
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