Waste Management, Inc. stock trades under the ticker WM & has shown recent bullishness that traders & investors should research further into.
WM stock closed at $150.62/share on 3/9/2023.
Waste Management, Inc. WM Stock’s Technical Performance Over The Past Year
WM Stock Price: $150.62
10 Day Moving Average: $149.54
50 Day Moving Average: $152.35
200 Day Moving Average: $157.79
Yesterday, WM stock completed a bullish MACD crossover, gaining +0.95% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average compared to the year prior, but yesterday’s shooting star candlestick with the large shadow signals near-term losses on the horizon.
This makes it imperative for traders & investors to mind WM stock’s $149.93, $149.54 (10 day moving average) & $148.30/share support levels, while they try to break out above their $150.66, $151.03 & $152.35 (50 day moving average) resistance levels.
Waste Management, Inc. WM Stock As A Long-Term Investment
Long-term focused investors will like WM stock’s 27.97 P/E (ttm), but will find their 8.98 P/B (mrq) to be a bit rich.
They recently reported 5.5% Quarterly Revenue Growth Y-o-Y, with -1.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $351M of Total Cash (mrq) & $15.51B of Total Debt (mrq).
WM stock pays a 1.74% dividend, which appears to be sustainable as their payout ratio is 48.24%.
83.26% of WM stock’s outstanding share float is owned by institutional investors.
Waste Management, Inc. WM Stock As A Short-Term Trade Using Options
Traders with short time horizons can trade options to profit from WM stock’s price movements, while protecting their portfolio from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $150, $145 & $135 call options are all in-the-money, listed from highest to lowest level of open interest.
The $160, $155 & $165 puts are also all in-the-money, listed from most to least liquid strike price.
Tying It All Together
WM stock has many interesting attributes that traders & investors will like.
Investors will like their sustainable dividend, as well as their P/E (ttm).
Traders will like their recent technical performance, as well as how liquid their options are.
Overall, it is worth taking a closer look into WM stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN WM STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***