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Vulcan Materials Set to Possibly Rebound After Yesterday's Selloff of 1.55%

By Amy Schwartz

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.

Over the past year, Vulcan Materials has traded in a range of $105.71 to $141.20 and is now at $119.58, 13% 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 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.

Keywords: rebounders Vulcan Materials

Ticker(s): VMC