Vulcan Broke Resistance

Published on Wednesday, 08 February 2012 07:48 Written by TradersHuddle Wire

New York, February 8th (TradersHuddle.com) - Shares of Vulcan Materials Company (NYSE:VMC) closed the trading session at $45.73 just above calculated resistance at $45.28 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

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's stock was trading in a well defined range with support at $31.87 and resistance at $45.28, given that this range was broken traders will be closely monitoring the stock