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Vulcan Materials Bearish Moving Average Crossover Alert (VMC)

By Nick Russo

Today, shares of Vulcan Materials (NYSE:VMC) have crossed bearishly below their 10-day moving average of $129.66 on a volume of 159K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Vulcan Materials share prices have moved between a 52-week high of $138.18 and a 52-week low of $105.71 and are now trading 22% above that low price at $129.11 per share. Over the last five market days, 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 April 7th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.62. Since that recommendation, shares of Vulcan Materials have risen 6.0%. 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