Last night I happened to watch a program from CNBC on Trash and Waste in the US and globally. Interesting program actually and sparked my attention to some of the Waste and Trash type investments out there for us.
Namely the one company that of course is the biggest and most talked about in this space is Waste Management (WM). So upon further digging this morning I pulled up the chart for analysis…
Remember: News and headlines are not going to necessarily make a good investment.
As usual I found the stock to be over-bought with the rest of the market. Namely it’s trading below a long term trendline and reaching a double top pattern. Just goes to show that you can’t invest blindly off what you hear on the TV or radio.
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