After Yesterday's Rally of 1.52% Shares Could Potentially Pullback
Vulcan Materials (NYSE:VMC) traded in a range yesterday that spanned from a low of $110.67 to a high of $114.66. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $113.01 on volume of 701,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Vulcan Materials share prices have been bracketed by a low of $78.83 and a high of $127.20 and are now at $113.93, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.
SmarTrend recommended that its subscribers protect gains by selling shares of Vulcan Materials on August 1st, 2016 by issuing a Downtrend alert when the shares were trading at $118.76. Since that call, shares of Vulcan Materials have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders Vulcan Materials