Vulcan Materials Company (VMC) - Overbought - views

Vulcan Materials Company has hit a technical signal on 3 different technical indicators. VMC is in the Basic Industries sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $47.53 on Feb 16.

There are currently 17 analysts covering the company. Of these analysts, 3 have a buy recommendation. The current consensus estimate for quarterly earnings among the 17 analysts covering the stock is per share. Last quarter the company earned $0.06 per share.

Over the last 52 weeks, the stock has been trading between $25.06 and $47.76. More recently in the last 4 weeks, the stock has been trading between $40.42 and $47.76. Yesterday the stock traded between $46.57 and $47.76. The stock currently has a PE ratio of 0.0.

Vulcan Materials Company is trading 5.9% from its 20-day simple moving average (SMA) of $44.88 and 15.5% from its 50-day SMA and 32.94% from its 200-day SMA. Average daily volume over the last 30 days has been 1,032,364 shares.

At yesterdays close: the RSI was at 83.5, the CCI was at 107.0 and the Fast Stochastic was at 95.4. VMC closed yesterday at $47.53, on volume of 1,469,800 shares as compared to an average volume of 1,032,364 over the last 4 weeks.

Vulcan Materials Company engages in the production and sale of construction aggregates for the infrastructure industry primarily in the United States. The company operates in four segments: Aggregates, Concrete, Asphalt Mix, and Cement. The Aggregates segment produces construction aggregates, including crushed stone, sand and gravel, and recycled concrete. Its aggregates are used in public and private sector construction projects, including highways, airports, water and sewer systems, industrial manufacturing facilities, and residential and nonresidential buildings, as well as railroad track ballast. The Concrete segment produces and sells ready-mixed concrete in Arizona, California, Florida, Georgia, Maryland, New Mexico, Texas, and Virginia; and block and pre-cast beams, as well as resells purchased building materials for use with ready-mixed concrete and concrete block. The Asphalt Mix segment produces and sells asphalt mix in Arizona, California, New Mexico, and Texas. The Cement segment produces Portland and masonry cement in bulk form and bags to the concrete products industry. It also mines, produces, and sells calcium products for the animal feed, paint, plastics, and joint compound industries. In addition, this segment imports cement, clinker, and slag to resell, as well as to blend, bag, or reprocess into specialty cements. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company in November 2007. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.