VMC Consolidating at the highs with a bull flag pattern. 

vulcan manStock: Vulcan Materials (VMC)

Long or Short: Long

Entry Range: $53.01 – $53.25

Stop-Loss: $51.33

Chart: Vulcan Materials (VMC) Daily

vulcan materials swing trade

vulcan materials swing trade

Reason for Trade: I’ve got to be honest…I didn’t want to place a trade today. I saw the market dip, there’s not much volume, and I’d rather wait until the new year to place a trade. 

But…we got a nice bottom out of the SPX, and this trade here in VMC, has barely budged at all, so when it crossed above $53, I decided to take this trade at $53.01. You have some solid strength at the 20-day moving average, and and despite the market weakness of late, this stock is ready to breakout after consolidating at the highs. 

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