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Vulcan Materials Crosses Above its 10-day MA (VMC)

By Amy Schwartz

Vulcan Materials (NYSE:VMC) crossed over its 10-day moving average of $110.05 on a volume of 170K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Vulcan Materials have traded between a low of $106.10 and a high of $141.20 and are now at $111.06, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Vulcan Materials on July 16th, 2018 by issuing a Downtrend alert when the shares were trading at $123.84. Since that call, shares of Vulcan Materials have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Vulcan Materials

Ticker(s): VMC