Don’t Overlook This Trash Stock

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Waste Management Inc. (NYSE: WM ) - The largest trash hauling/disposal company in the United States is a model for consistent growth with earnings increasing steadily over many years. The company pays an annual dividend of $1.36 for a yield of 3.54%, and S&P has a "four-star buy" on the stock.

Technically, WM is in a powerful bull channel with support at $37. The resistance at $38.50 was broken with a dramatic thrust through a quadruple-top. Note the accumulation of positive (green) volume and the high volume on the breakout. These are all confirming signs that the stock is headed much higher.

Buy WM as a long-term growth opportunity or with a shorter-term trading target of $45.


Trade of the Day - Waste Management (NYSE: WM)

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: WM

Sam Collins

Sam Collins

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Referenced

83%

Most Active by Volume

18,580,805
  • $6.30 ▲ 4.83%
18,169,940
  • $15.315 ▼ 0.49%
12,550,234
  • $123.88 ▼ 0.44%
10,967,303
    $26.0899 unch
10,866,515
  • $104.67 ▼ 0.88%
10,839,837
  • $58.17 ▼ 1.99%
8,735,665
  • $40.505 ▼ 0.37%
8,692,867
  • $24.83 ▲ 48.19%
As of 4/1/2015, 10:23 AM


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