DailyPlay for Thursday July 9th, 2015 – Waste Management, Inc. (WM)

The bearish DailyPlay we chose for Thursday July 9th is Waste Management, Inc. (WM). WM is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 2.51% move lower as both 1-month and 6-month trends turn bearish and crossed below its $53.63 support level which becomes resistance.

Waste Management, Inc.’s 1-month and 6-month trends are bearish as it continues to show negative momentum. WM looks positioned to continue lower towards its $45.69 support level.

View this trade idea on $WM