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Vulcan Materials Set to Possibly Rebound After Yesterday's Selloff of 1.07%

By David Diaz

Vulcan Materials (NYSE:VMC) traded in a range yesterday that spanned from a low of $115.06 to a high of $116.96. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $115.83 on volume of 415,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Vulcan Materials share prices have been bracketed by a low of $78.83 and a high of $138.18 and are now at $115.19, 46% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.

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 5.2%. 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