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Shares of Vulcan Materials Rise to a New 52-Week High

By James Quinn

Shares of Vulcan Materials (NYSE:VMC) traded at a new 52-week high today of $116.40. This new high was reached on below average trading volume as 148,000 shares traded hands, while the average 30-day volume is approximately 951,000 shares.

Vulcan Materials (NYSE:VMC) is currently priced 5.1% above its average consensus analyst price target of $110.08. Vulcan Materials shares have support at the 50-day moving average (MA) of $105.82 and additional support at the 200-day MA of $97.04.

Vulcan Materials Company produces construction aggregates. The Company principal product lines are aggregates, asphalt mix and concrete, and cement.

In the past 52 weeks, Vulcan Materials share prices have been bracketed by a low of $78.83 and a high of $116.40 and are now at $115.99, 47% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Vulcan Materials on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.57. Since that recommendation, shares of Vulcan Materials have risen 32.0%. We continue to monitor VMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Vulcan Materials

Ticker(s): VMC