Vulcan @ Year Lows

Published on Wednesday, 11 August 2010 12:40 Written by Christopher Lynn

New York, August 11th (TradersHuddle.com) - Shares of Vulcan Materials Company (NYSE:VMC) booked a new 52 week low by trading below $40.19, 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 -1.63% 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 -2.51% from its previous trading close, which means that Vulcan stock is outperforming the overall market.