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Bullish Moving Average Cross by Vulcan Materials (VMC)

By Shiri Gupta

Vulcan Materials (NYSE:VMC) crossed over its 10-day moving average of $131.76 on a volume of 148K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Vulcan Materials has traded in a range of $82.52 to $136.45 and is now at $132.32, 60% above that low. The 200-day and 50-day moving averages have moved 0.28% higher and 0.68% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Vulcan Materials on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.77. Since that recommendation, shares of Vulcan Materials have risen 27.3%. We continue to monitor VMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Vulcan Materials

Ticker(s): VMC