When (VMC) Moves Investors should Listen

January 05, 2024, 18:04 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VMC

• Buy VMC slightly over 208.66 target 225.11 stop loss @ 208.06 Details

The technical summary data tells us to buy VMC near 208.66 with an upside target of 225.11. This data also tells us to set a stop loss @ 208.06 to protect against excessive loss in case the stock begins to move against the trade. 208.66 is the first level of support below 221.62 , and by rule, any test of support is a buy signal. In this case, support 208.66 would be being tested, so a buy signal would exist.

• Short VMC slightly under 225.11, target 208.66, stop loss @ 225.76 Details

The technical summary data is suggesting a short of VMC as it gets near 225.11 with a downside target of 208.66. We should have a stop loss in place at 225.76though. 225.11 is the first level of resistance above 221.62, and by rule, any test of resistance is a short signal. In this case, if resistance 225.11 is being tested, so a short signal would exist.

Swing Trading Plans for VMC

• Buy VMC slightly over 225.11, target 241.4, Stop Loss @ 224.46 Details

If 225.11 begins to break higher, the technical summary data tells us to buy VMC just slightly over 225.11, with an upside target of 241.4. The data also tells us to set a stop loss @ 224.46 in case the stock turns against the trade. 225.11 is the first level of resistance above 221.62, and by rule, any break above resistance is a buy signal. In this case, 225.11, 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 225.11, target 220.6, Stop Loss @ 225.76. Details

The technical summary data is suggesting a short of VMC if it tests 225.11 with a downside target of 220.6. We should have a stop loss in place at 225.76 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, 225.11, 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 225.11, target 241.4, Stop Loss @ 224.58 Details

If 225.11 begins to break higher, the technical summary data tells us to buy VMC just slightly over 225.11, with an upside target of 241.4. The data also tells us to set a stop loss @ 224.58 in case the stock turns against the trade. 225.11 is the first level of resistance above 221.62, and by rule, any break above resistance is a buy signal. In this case, 225.11, 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 225.11, target 220.93, Stop Loss @ 225.64. Details

The technical summary data is suggesting a short of VMC if it tests 225.11 with a downside target of 220.93. We should have a stop loss in place at 225.64 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, 225.11, 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 Company (holding Company) (VMC) available here: VMC.

VMC Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	208.66
P2	217.96	220.6	225.11
P3	220.93	225.08	241.4

AI Generated Signals for VMC

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