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Vulcan Materials Set to Possibly Rebound After Yesterday's Selloff of 2.98%

By James Quinn

Vulcan Materials (NYSE:VMC) traded in a range yesterday that spanned from a low of $101.06 to a high of $105.31. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $105.13 on volume of 590,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Vulcan Materials. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vulcan Materials in search of a potential trend change.

In the past 52 weeks, shares of Vulcan Materials have traded between the current low of $101.06 and a high of $141.20 and are now at $101.96. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

Keywords: rebounders Vulcan Materials

Ticker(s): VMC