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Vulcan Materials Set to Possibly Rebound After Yesterday's Selloff of 1.34%

By David Diaz

Vulcan Materials (NYSE:VMC) traded in a range yesterday that spanned from a low of $110.66 to a high of $112.48. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $112.82 on volume of 438,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Vulcan Materials share prices have moved between a 52-week high of $141.20 and a 52-week low of $108.17 and are now trading 3% above that low price at $111.18 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Vulcan Materials on July 16th, 2018 by issuing a Downtrend alert when the shares were trading at $123.84. Since that call, shares of Vulcan Materials have fallen 8.8%. 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