On Wednesday, the Relative Strength rating of Waste Management (WM), a stock that is gaining in popularity, rose from 66 up to 71.
Pay attention to the relative strength of prices when you are researching which stocks to watch and buy.
IBD's proprietary RS Rating measures market leadership. It compares a stock’s price movement over the past 52 weeks to the prices of other stocks in IBD’s database.
In the early stages, the best stocks have RS ratings of 80 or more. Watch to see if Waste Management can continue its rebound and pass that threshold.
Waste Management is consolidating with a buy point of 176.08. Check if the volume of the stock is at least 40% higher than average. You can read "How to Find the Next Big Stock Market Winners" for more tips. For more information, read "Start With These Three Steps".
Last quarter, the company that deals with waste disposal posted a 3% increase in EPS. Revenue increased 5%. Watch for the next set of numbers to be released by the company in or around April. 26.
Waste Management is ranked No. 7 among its peers in the Pollution-Control industry group. Waste Management stock ranks No. 7 among peers in the Pollution-Control Industry group. Clean Harbors (CLH), Heritage-Crystal Clean, (HCCI) and 7 rank among its peers in the Pollution-Control industry group.
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Investor's Business Daily published the article Waste Management Stock RS Rating Increases To 71.