WM - SWING TRADE IDEAWASTE MANAGEMENT (WM)
The King of Trash
It is the industrial leader in waste management environmental services to residential, commercial, industrial, and municipal customers in North America.
Besides that, it owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
Why you should some interest
1) WM is recession-proof .
Why?
Are you going to let the trash pile up because the economy is in recession?
NO
2) It is the industry leader in trash services.
They have a market share of 30% and 47% in collection and landfill respectively.
While its main competitor clocks off at 24% and 17%, respectively.
They also produce electricity with the trash through methane exploitation.
Net Income is rising year-over-year.
Technical analysis
It has been traded on ATH in August this year....
Is now trading Sideways.
Big hammer on Weekly chart.
On Daily:
Bullish Engulfing Candle
High Volume
Can go both ways.
See chart.
You could go LONG or SHORT immediately but also on the rebound.
Stop loss at ENTER prices.
