Watch This Trade Level For Vulcan Materials (VMC)

President & CEO Chief Market Strategist at IntheMoneyStocks.com • Feb 19, 2020 at 3:08 PM EST

Yesterday, leading building materials company, Vulcan Materials Co., sold-off sharply after reporting earnings. This afternoon, the stock is continuing to fall, trading lower by $1.54 to $135.63 a share.

Yesterday, leading building materials company, Vulcan Materials Co (NYSE:VMC), sold-off sharply after reporting earnings. This afternoon, the stock is continuing to fall, trading lower by $1.54 to $135.63 a share.

The stock has now sliced right below it’s 200-day moving average putting it in a weak technical position. Traders and investors must now look lower before the stock gets into a major support level.

The next major support area for VMC stock should be around the $125.00 area. This is an area where the 100 and 200- week moving averages are sitting currently. This should be solid support for VMC when tested.

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