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WM our Free Stock Pick for Tue Jan 18th 2011

by Sinisa Persich, Mon January 17th 2011

Be alerted when Sinisa posts an article

Waste Management, Inc. (NYSE: WM) jumped 35 cents, or 1%, on Friday, breaking key resistance at 36.90 and closing at 37.03. That's the highest close in more than two years, thus confirming that the stock has renewed momentum.

Momentum could move stock to the 38 area in the next few trading days. Preferred entry (buy stop) price is at 37.10, with a stop loss at 36.45.

See our Trading Rules page for more detail.