Vulcan Materials: The Winning Streak Continues (VMC)
Vulcan Materials (NYSE:VMC) traded today at a new 52-week high of $113.60. This new high was reached on below average trading volume as 493,000 shares traded hands, while the average 30-day volume is approximately 845,000 shares.
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 $112.36, Vulcan Materials is currently 2.0% above its average consensus analyst price target of $110.08. The stock should discover initial support at its 50-day moving average (MA) of $104.77 and subsequent support at its 200-day MA of $96.74.
Over the past year, Vulcan Materials has traded in a range of $78.83 to $113.60 and is now at $112.36, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.
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 24.5%. 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