Waste Management (WM) Offering Possible 13.64% Return Over the Next 23 Calendar Days

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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 13.64% return on risk over the next 23 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 $1.20 would be kept by the premium seller. The risk of $8.80 would be incurred if the stock dropped below the $110.00 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 67.45 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Waste Management

Waste Management (WM) Up 7.2% Since Last Earnings Report: Can It Continue?
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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.

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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?

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