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

By Amy Schwartz

Vulcan Materials (NYSE:VMC) traded at a new 52-week high today of $146.50. So far today approximately 220,000 shares have been exchanged, as compared to an average 30-day volume of 872,000 shares.

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.

In the past 52 weeks, shares of Vulcan Materials have traded between a low of $82.52 and a high of $146.50 and are now at $146.02, which is 77% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.6%.

Based on a current price of $146.02, Vulcan Materials is currently 0.5% above its average consensus analyst price target of $145.25. The stock should discover initial support at its 50-day moving average (MA) of $138.83 and subsequent support at its 200-day MA of $120.60.

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 41.3%. 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