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

By Nick Russo

Vulcan Materials (NYSE:VMC) traded today at a new 52-week low of $104.29. Approximately 129,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

Vulcan Materials (NYSE:VMC) has potential upside of 39.0% based on a current price of $104.52 and analysts' consensus price target of $145.25. The stock should find initial resistance at its 50-day moving average (MA) of $111.74 and further resistance at its 200-day MA of $121.37.

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.

Over the past year, Vulcan Materialshas traded in a range of $104.29 to $141.20 and are now at $104.52. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

SmarTrend is monitoring the recent change of momentum in Vulcan Materials. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vulcan Materials in search of a potential trend change.

Keywords: 52 week high/lows Vulcan Materials

Ticker(s): VMC