Build a Position in This Construction Stock Now

by Sam Collins | December 10, 2012 1:21 am

Vulcan Materials Co. (NYSE:VMC[1]) — 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.

12 10 12 vmc 300x215 Build a Position in This Construction Stock Now
Click to Enlarge

chart key 300x84 Build a Position in This Construction Stock Now

Endnotes:
  1. VMC: http://studio-5.financialcontent.com/investplace/quote?Symbol=VMC

Source URL: http://investorplace.com/2012/12/trade-of-the-day-vulcan-materials-co-nyse-vmc/
Short URL: http://invstplc.com/1fyHZjE