Clean Harbors (NYSE:CLH) crossed over its 10-day moving average of $57.71 on a volume of 162K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Clean Harbors have traded between a low of $46.94 and a high of $69.25 and are now at $58.35, which is 24% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
Clean Harbors (NYSE:CLH) has potential upside of 12.1% based on a current price of $58.35 and analysts' consensus price target of $65.43. The stock should find initial support at its 200-day moving average (MA) of $54.80 and further support at its 50-day MA of $54.77.
Clean Harbors, Inc. provides a variety of environmental remediation and industrial waste management services to customers in the United States and Puerto Rico. The Company's services include treatment and disposal of hazardous and non-hazardous solid and liquid waste, surface remediation, groundwater restoration, waste packaging, as well as analytical testing and consulting.
