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Is VMC poised for gains? Morning Star shows up after rocketing 5.59%
On Monday, August 3rd, VMC moved up 5.59% while volume increased to 1.4× the usual levels. Mixed technical signals appeared with Morning Star and Directional Movement Crossover Bullish suggesting upside potential, while Slingshot Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 275.19, 266.79 & 262.52, with resistance at 287.86, 292.13 & 300.53. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of VMC: D
There’s more where that came from. See all of today’s signals for VMC here.
Read full article here »