How the price action of Vulcan Materials (VMC) is used to our Advantage
February 12, 2023, 05:15 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for VMC
- Buy VMC slightly over 168.08 target 184.79 stop loss @ 167.59 Details
The technical summary data tells us to buy VMC near 168.08 with an upside target of 184.79. This data also tells us to set a stop loss @ 167.59 to protect against excessive loss in case the stock begins to move against the trade. 168.08 is the first level of support below 184.13 , and by rule, any test of support is a buy signal. In this case, support 168.08 is being tested, a buy signal would exist.
- Short VMC slightly under 184.79, target 168.08, stop loss @ 185.32 Details
The technical summary data is suggesting a short of VMC as it gets near 184.79 with a downside target of 168.08. We should have a stop loss in place at 185.32though. 184.79 is the first level of resistance above 184.13, and by rule, any test of resistance is a short signal. In this case, if resistance 184.79 is being tested, a short signal would exist.
Swing Trading Plans for VMC
- Buy VMC slightly over 184.79, target 188.23, Stop Loss @ 184.26 Details
If 184.79 begins to break higher, the technical summary data tells us to buy VMC just slightly over 184.79, with an upside target of 188.23. The data also tells us to set a stop loss @ 184.26 in case the stock turns against the trade. 184.79 is the first level of resistance above 184.13, and by rule, any break above resistance is a buy signal. In this case, 184.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short VMC slightly near 184.79, target 183.78, Stop Loss @ 185.32. Details
The technical summary data is suggesting a short of VMC if it tests 184.79 with a downside target of 183.78. We should have a stop loss in place at 185.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 184.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for VMC
- Buy VMC slightly over 184.79, target 187.13, Stop Loss @ 184.36 Details
If 184.79 begins to break higher, the technical summary data tells us to buy VMC just slightly over 184.79, with an upside target of 187.13. The data also tells us to set a stop loss @ 184.36 in case the stock turns against the trade. 184.79 is the first level of resistance above 184.13, and by rule, any break above resistance is a buy signal. In this case, 184.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short VMC slightly near 184.79, target 183.78, Stop Loss @ 185.22. Details
The technical summary data is suggesting a short of VMC if it tests 184.79 with a downside target of 183.78. We should have a stop loss in place at 185.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 184.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Vulcan Materials (VMC) available here: VMC.
VMC Ratings for February 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
151.10 |
| P2 |
183.46 |
183.78 |
168.08 |
| P3 |
187.13 |
188.23 |
184.79 |
AI Generated Signals for VMC
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Vulcan Materials (NYSE: VMC) data table below can help you with price action, and we have more details too. Trading plans for VMC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for VMC:
pool ads
