Vulcan Materials broke out earlier this year, and now it’s pulled back.
The first pattern on today’s chart is the move to record highs at the start of February. The provider of gravel and concrete jumped further after earnings and guidance surprised to the upside. Pricing helped fuel the beat, which may indicate strong fundamentals.
Second is the March low of...
As the global economy continues its recovery trajectory, spurred on by ambitious infrastructure projects and robust construction demand, Vulcan Materials ( NYSE:VMC ) emerges as a beacon of prosperity in the construction materials industry. The Alabama-based company's recent forecast for a surge in profitability in 2024, coupled with its strategic positioning...
NYSE:VMC
Looks like the housing is going higher as FED paused.
But this will increase the inflation, causing the FED to go hard on Rates and housing has to correct.
Let's see how this one is going to unfold.
New home sales is going crazy high. FED has to cause a raise in unemployment to see housing cool down.
The PEAD projected a Bullish outlook for $VMC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 63.64%.
The PEAD projected a Bullish outlook for $VMC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Buy zone 131-135
Price is close to the lower border of the ascending channel
SL close to 130
Growth potential to the 170 on the horizon of 3-6 months
Stable Year-to-year growth revenue ~15%
No drawdown in revenue this year
Hey guys, VULCAN MATERIALS CO is in a hassle continuation, we can see on TIMEFRAME 4H that it takes off from its trong trend support. It is possible that its share on the last precedent higher and given the number of purchase volume it can turn around.
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07/10/2020 $VMC
Sentiment Algo uses advanced big data analytics. This stock has potential for a significant increase in volatility.
This is not a buy/sell signal
This is similar that my past idea, but is other company name
Remember that I do not repeat the same stock name, because what I do is find chart patterns with a obvious price action.
In this opportunity I'm going to focus on major trend lines broken from a weekly chart due to the actual market conditions.
Who fit with this concept: "Support becomes...
Daily RSI broke out this last week on good volume.
Lets see if the Weekly is also ready to take off.
1.) looking for a MACD zero crossing and trendline break
2.) looking for RSI breakout
3.) looking for good volume
4.) GMMA(not shown, sorry) on the weekly shows compression between traders and investors
Idea came thru on the StockTradeBot Bullish MACD scan
An LPSY (Last Point of Supply) is one of the more reliable of Wyckoff entries. It also offers one of the best R:R ratios of all Wyckoff entries. We have had one false attempt to reverse at the SP (Spring), followed by a SOS (Sign of Strength). Now we have a second attempt at a reversal, generally the last in the form of a TSO (Terminal Shakeout), followed by a...
