Long Position on VMC @ $188.00 on 8/11/2021 (Momentum)

Vulcan Materials Company (VMC) produces and supplies construction aggregate primarily in the United States.

It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium.

Bullish Cup and Handle on $ VMCThe Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

The Asphalt Mix segment offers asphalt mix in Alabama, Arizona, California, New Mexico, Tennessee, and Texas, as well as engages in the asphalt construction paving activity in Alabama, Tennessee, and Texas.

The Concrete segment provides ready-mixed concrete in Maryland, Texas and Virginia, and Washington D.C.

The Calcium segment mines, produces, and sells calcium products for the animal feed, plastics, and water treatment industries.

The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.

With the announcement on the Infrastructure Bill passed by Congress and soon to be reviewed by the White House, share prices should be heading higher along its "bullish cup and handle" formation.

Entry Point: $188.00

Trading Range: $119.28 - $194.17

Stop Loss: $178.60

Target Price: $206.80

Position closed on 10/12/2021 at price of $178.50 with a -5.05% loss in 62 days.

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