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After Yesterday's Rally of 2.52% Shares Could Potentially Pullback

By James Quinn

Vulcan Materials (NYSE:VMC) traded in a range yesterday that spanned from a low of $116.82 to a high of $122.77. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $122.17 on volume of 1.1 million 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, shares of Vulcan Materials have traded between a low of $78.83 and a high of $138.18 and are now at $121.16, which is 54% 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 February 7th, 2017 by issuing a Downtrend alert when the shares were trading at $122.80. Since that call, shares of Vulcan Materials have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Vulcan Materials

Ticker(s): VMC