Waste Management saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 66 to 73.
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This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Waste Management can continue to rebound and hit that benchmark.
Waste Management is trying to complete a flat base with a 239.32 buy point. See if it can break out in heavy trading.
While the company's bottom line growth decreased in the company's most recently reported quarter from -2% to -5%, revenue rose 17%, up from 13% in the prior report.
Waste Management earns the No. 5 rank among its peers in the Pollution-Control industry group. Aris Water Solutions is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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