Waste Management Hits New High with Enhanced Relative Strength Rating

On Friday, Waste Management, Inc. WM experienced a noteworthy advancement in its Relative Strength (RS) Rating, climbing from 79 to a robust 82. This enhancement reflects the company's impressive price performance over the previous year, compared to other stocks. IBD's exclusive RS Rating ranges from 1, indicating a poor price performance history, to 99, signifying top-market performance. An 82 rating positions WM strongly against its peers.

Understanding the Significance of the RS Rating

The RS Rating is a quantitative indicator that compares a stock's price movement to that of the overall market, measuring its strength over a 52-week period. This metric is crucial for investors seeking stocks that are capable of outperforming the market on a consistent basis. Waste Management's upgrade to an RS Rating of 82 indicates that it has been successfully outpacing a majority of stocks in terms of price growth.

Peer Comparison within the Industry

Waste Management's industry counterparts such as CECO Environmental Corporation CECO, headquartered in Dallas, Texas, Tetra Tech, Inc. TTEK providing worldwide consulting and engineering services from Pasadena, California, ARI Network Services, Inc. ARIS, a SaaS and DaaS solutions provider from Milwaukee, Wisconsin, and other peers are also key players in their respective fields. Observing the RS Ratings and performance of other stocks within the industry, such as TTEK, CECO, ARIS, and AWON, helps investors make more informed decisions by understanding sector trends and recognizing leaders.

WasteManagement, Investment, RatingUpgrade