In a welcome move, Waste Management stock saw its Relative Strength Rating rise from 66 to 71 on Wednesday.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Waste Management stock can continue to rebound and clear that threshold.
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Is Waste Management Stock A Buy?
Waste Management stock is building a consolidation with a 176.08 buy point. See if the stock can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The disposal waste company posted 3% EPS growth last quarter. Revenue rose 5%. Keep an eye out for the company's next round of numbers on or around Apr. 26.
Waste Management stock earns the No. 7 rank among its peers in the Pollution-Control industry group. Clean Harbors and Heritage-Crystal Clean are also among the group's highest-rated stocks.
