Upgrade Alert for Vulcan Materials (VMC)
Vulcan Materials (NYSE:VMC) was upgraded from Hold to Buy at SunTrust today. The stock closed yesterday at $112.20 on volume of 1.1 million shares, above average daily volume of 951,000.
Over the past year, Vulcan Materials has traded in a range of $78.83 to $127.20 and closed yesterday at $112.20, 42% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.
Vulcan Materials (NYSE:VMC) is currently priced 1.9% above its average consensus analyst price target of $110.08. The stock should discover initial support at its 50-day moving average (MA) of $105.82 and subsequent support at its 200-day MA of $97.04.
Vulcan Materials Company produces construction aggregates. The Company principal product lines are aggregates, asphalt mix and concrete, and cement.
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.
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