Vulcan Materials Bearish Moving Average Crossover Alert (VMC)
Today, shares of Vulcan Materials (NYSE:VMC) have fallen below their 10-day MA of $124.82 on a volume of 123K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Vulcan Materials has traded in a range of $78.83 to $127.17 and is now at $124.54, 58% above that low. 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%.
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 43.3%. 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