Vulcan Materials (VMC) , an Action Alerts PLUS holding, is a producer of construction aggregates (crushed stone, sand and gravel) which is needed every day on nearly every building site. I wrote about VMC on April 17, recommending that "Traders could go long VMC at current levels and on strength above $175. Risk to $158. The $190 area is our target for now."
Let's review the charts again.
In this daily bar chart of VMC, below, I can see that prices have soared since my buy recommendation last month. Traders could raise stop protection to $175 now. VMC gapped higher earlier this month on heavy trading volume. Prices have inched higher in a tight daily range.
The slope of the 50-day moving average line is positive as is the slope of the 200-day line. The daily On-Balance-Volume (OBV) line is very positive and has made a new high for the move up. The trend-following Moving Average Convergence Divergence (MACD) oscillator is bullish too.



