Build a Position in This Construction Stock Now

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.

VMC Chart
Click to Enlarge

Trade of the Day Chart Key


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

©2016 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.