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News Breaks | | | | November 29, 2012 | | 14:07 EDT |  | VMC | Vulcan Materials breaks top of recent trading range, levels to watch
The stock is up over 3.4% at time of writing, breaking above the top of the trading range that had been in place since September. At the current price of $51.41, next resistance is at $53.41. Support is at $50.73. A break of a relatively stable horizontal trading range is typically significant for future price movement. Price movement tends to follow the breakout direction, in this case bullish, for some time. | |
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