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Vulcan Materials Bearish Moving Average Crossover Alert (VMC)

By Nick Russo

Vulcan Materials (NYSE:VMC) crossed under its 10-day moving average of $137.05 on a volume of 120K shares. This may provide short-term investors a chance 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 $140.00 and a 52-week low of $82.52 and are now trading 64% above that low price at $135.18 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

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 33.9%. 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