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Vulcan Materials Falls 1.55% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Vulcan Materials (NYSE:VMC) traded in a range yesterday that spanned from a low of $119.41 to a high of $122.00. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $119.81 on volume of 338,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Vulcan Materials and will alert subscribers who have VMC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Vulcan Materials have traded between a low of $105.71 and a high of $141.20 and are now at $119.58, which is 13% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.

Keywords: rebounders Vulcan Materials

Ticker(s): VMC