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VMC's bullish chart pattern signaling a major move up is about to occur


Vulcan Materials Co. (NYSE:VMC) — This maker of construction materials, including cement and asphalt mix, is the nation’s largest producer of aggregates. Although Vulcan will report a loss for 2012, the company anticipates a turnaround in 2013, due to a demand for infrastructure construction and a recovery in the housing market.

Technically, the shares have rallied to two-year highs on increased volume from a wide cup-and-handle formation. This bullish pattern has a very high level of predictability, usually signaling that a major bull market is about to occur.

Buy VMC for a trade to $56. Long-term investors may want to hold this stock as a cornerstone position for participation in an upturn in the building and heavy construction industries.

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Article printed from InvestorPlace Media, http://investorplace.com/2012/12/trade-of-the-day-vulcan-materials-co-nyse-vmc/.

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