Waste Management WM uptrending since prior earnings
Updated
WM is impending earnings in the next trading day. It is a demonstration that there is money to
be made in the efficient collection of garbage and recyclables On the daily chart, since the
earnings beat, it has trended up through a high volume area breakout and a breakout across
series of VWAP lines and bands anchored in the intermediate past. The volumes have been
consistent. The RSI indicator shows both the lower and higher time frame lines above the 50
level since those earnings. I see this as an add to one of my investment portfolios as it is a
relatively slow mover with dividends. On traders with long duration swing trades will pay
attention to it. An options call trade in the lead up into earnings will mature on February 16th
This is a blue chip stock; it does not get headlines it just works hard month in and month out.
In my opinion, nothing is wrong with that.
be made in the efficient collection of garbage and recyclables On the daily chart, since the
earnings beat, it has trended up through a high volume area breakout and a breakout across
series of VWAP lines and bands anchored in the intermediate past. The volumes have been
consistent. The RSI indicator shows both the lower and higher time frame lines above the 50
level since those earnings. I see this as an add to one of my investment portfolios as it is a
relatively slow mover with dividends. On traders with long duration swing trades will pay
attention to it. An options call trade in the lead up into earnings will mature on February 16th
This is a blue chip stock; it does not get headlines it just works hard month in and month out.
In my opinion, nothing is wrong with that.
Trade active
Added to the position as WM beats and does it on a down market day.
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