Vulcan @ Year Lows

Published on Tuesday, 10 August 2010 12:34 Written by Danny Miller

New York, August 10th (TradersHuddle.com) - Shares of Vulcan Materials Company (NYSE:VMC) booked a new 52 week low by trading below $40.87, traders are definitely monitoring Vulcan's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

Vulcan Materials Company (NYSE:VMC) produces construction aggregates. The Birmingham, Alabama based company principal product lines are aggregates, asphalt mix and concrete, and cement.

Vulcan is currently trading -2.16% versus its previous trading session close, and it has calculated support and resistance at $40.87 and $47.23 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.92% from its previous trading close, which means that Vulcan stock is underperforming the overall market.