After Yesterday's Rally of 3.02% Shares Could Potentially Pullback
Vulcan Materials (NYSE:VMC) traded in a range yesterday that spanned from a low of $109.36 to a high of $114.21. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $110.96 on volume of 1.4 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 $114.21 and are now at $112.65, which is 43% above that low price. The 200-day and 50-day moving averages have moved 0.29% higher and 0.79% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Vulcan Materials on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.57. Since that recommendation, shares of Vulcan Materials have risen 24.5%. We continue to monitor VMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders Vulcan Materials