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Vulcan Materials Set to Possibly Pullback After Yesterday's Rally of 2.05%

By Shiri Gupta

Vulcan Materials (NYSE:VMC) traded in a range yesterday that spanned from a low of $114.25 to a high of $118.28. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $115.72 on volume of 804,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Vulcan Materials has traded in a range of $105.71 to $141.20 and is now at $117.21, 11% above that low. 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 21st, 2018 by issuing a Downtrend alert when the shares were trading at $123.91. Since that call, shares of Vulcan Materials have fallen 7.4%. 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