EBITDAtiger

go long MLM. will benefit from infrastructure bill

Long
NYSE:MLM   Martin Marietta Materials, Inc
MLM has been building strength and continuing. Although sometimes a high RSI means something is overbought, sometimes it can signal strength. Every time the RSI and MACD spike, it ends up being a sign of building strength and momentum in MLM as marked by the blue vertical lines.

There was a bullish Golden Cross and with the infrastructure bill around the corner, MLM stands to be a huge beneficiary.

Fundamentally, they are reducing debt and increasing profit margins while beating on earnings 3 out of the last 4 times.

Short-term price target: $368-$375. Plus in the meantime, you'll collect a dividend.
Long-term price target: $420

Comments

very possible dear Tiger :D
+1 Reply
EBITDAtiger TheSignalyst
@TheSignalyst, let's hope!
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