Waste Management Inc (WM) has been identified as a technical breakout candidate through a scan filtering for stocks with strong technical ratings and consolidating price patterns. The company exhibits a solid uptrend and a high-quality setup for a potential breakout, characterized by clear resistance and support levels. Investors using a breakout strategy are advised to watch WM for a move above the $235.51 resistance level.
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Waste Management Inc (NYSE:WM) Emerges as a Technical Breakout Candidate
Waste Management Inc (WM) has been identified as a technical breakout candidate through a scan filtering for stocks with strong technical ratings and consolidating price patterns. The company exhibits a solid uptrend and a high-quality setup for a potential breakout, characterized by clear resistance and support levels. Investors using a breakout strategy are advised to watch WM for a move above the $235.51 resistance level.