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Watch for Continued Gains in Shares of Vulcan Materials (VMC)

By David Diaz

Vulcan Materials (NYSE:VMC) traded today at a new 52-week high of $140.40. Approximately 357,000 shares have changed hands today, as compared to an average 30-day volume of 838,000 shares.

In the past 52 weeks, shares of Vulcan Materials have traded between a low of $82.52 and a high of $140.40 and are now at $139.10, which is 69% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

Vulcan Materials Company produces construction aggregates. The Company principal product lines are aggregates, asphalt mix and concrete, and cement. Vulcan Materials serves customers in the States of Alabama.

Vulcan Materials has overhead space with shares priced $139.10, or 4.2% below the average consensus analyst price target of $145.25. The stock should discover initial support at its 50-day moving average (MA) of $133.22 and subsequent support at its 200-day MA of $114.51.

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 33.8%. 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

Ticker(s): VMC