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Vulcan Materials: 52-Week High Recently Eclipsed (VMC)

By Amy Schwartz

Shares of Vulcan Materials (NYSE:VMC) traded at a new 52-week high today of $127.17. This new high was reached on below average trading volume as 159,000 shares traded hands, while the average 30-day volume is approximately 951,000 shares.

In the past 52 weeks, Vulcan Materials share prices have been bracketed by a low of $78.83 and a high of $127.17 and are now at $125.36, 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.

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

Based on a current price of $125.36, Vulcan Materials is currently 12.2% above its average consensus analyst price target of $110.08. The stock should find initial support at its 50-day moving average (MA) of $105.82 and further support at its 200-day MA of $97.04.

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 41.2%. 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