Waste Management (WM) Offering Possible 8.7% Return Over the Next 6 Calendar Days

This article was originally published on this site

Waste Management’s most recent trend suggests a bearish bias. One trading opportunity on Waste Management is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 8.7% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $90.00 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 45.09 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 chairman resigns following political donation revelation
Wed, 11 Apr 2018 17:22:03 +0000
His $25,000 donation helped fund an anti-Muslim social media push for the organization, which was also backed by billionaire and Republican political donor Robert Mercer.

6 Reasons Why You Should Bet on Waste Management (WM) Stock
Mon, 09 Apr 2018 20:43:08 +0000
Waste Management (WM) is progressing well on its initiative to refocus on the core business activities, and instill price and cost discipline to achieve better margins and returns.

What You Must Know About Waste Management Inc’s (NYSE:WM) Financial Strength
Tue, 27 Mar 2018 19:38:22 +0000
There are a number of reasons that attract investors towards large-cap companies such as Waste Management Inc (NYSE:WM), with a market cap of US$36.48B. Risk-averse investors who are attracted toRead More…

Free Research Report as Waste Management’s Quarterly Revenue Grew 5.5%; Adjusted EPS Advanced 13%
Tue, 27 Mar 2018 11:30:00 +0000
Stock Monitor: Avalon Holdings Post Earnings Reporting LONDON, UK / ACCESSWIRE / March 27, 2018 / Active-Investors.com has just released a free earnings report on Waste Management, Inc. (NYSE: WM ).If …

See what the IHS Markit Score report has to say about Waste Management Inc.
Mon, 26 Mar 2018 12:01:00 +0000
This could indicate that investors who seek to profit from falling equity prices are not currently targeting WM. Over the last one-month, outflows of investor capital in ETFs holding WM totaled $4.30 billion.

Be Sociable, Share!

Related Posts