pool adsVULCAN MATERIALS $VMC Technical Update
The VULCAN MATERIALS (NYSE: VMC) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for VMC, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Weak | Neutral |
| P1 | 109.30 | 105.53 | 104.64 |
| P2 | 110.18 | 113.75 | 120.30 |
| P3 | 111.29 | 121.91 | 135.77 |
Support and Resistance Plot Chart for VMC
Long Term Trading Plans for VMC
August 20, 2018, 9:45 am ET
The Technical Summary and Trading Plans for VMC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this VMC Report.
VMC - (Long) Support Plan
Buy over 104.64 target 120.30 stop loss @ 104.38.
The technical summary data tells us to buy VMC near 104.64 with an upside target of 120.30. This data also tells us to set a stop loss @ 104.38 to protect against excessive loss in case the stock begins to move against the trade. 104.64 is the first level of support below 110.34 , and by rule, any test of support is a buy signal. In this case, support 104.64 would be being tested, so a buy signal would exist.
VMC - (Short) Resistance Plan
Short under 120.30 target 104.64 stop loss @ 120.56.
The technical summary data is suggesting a short of VMC as it gets near 120.30 with a downside target of 104.64. We should have a stop loss in place at 120.56 though. 120.30 is the first level of resistance above 110.34, and by rule, any test of resistance is a short signal. In this case, if resistance 120.30 is being tested, so a short signal would exist.
