Let's check on this home builder as a sell-side firm down-graded the stock.
Hope for a January Effect rally has gone unfulfilled as both big-cap and small-cap stocks take it on the chin.
The homebuilder will report it's quarterly results after Wednesday's market close.
Rising mortgage rates, increased material costs, labor shortages and supply chain issues are threatening to crimp building activity.
Let's review the charts and indicators.
The base pattern of the construction equipment giant has gotten bigger, so trade CAT from the long side.
Here's where traders could go long VMC.
Here's our updated trading strategy and price targets.
Let's check the charts and indicators.
Traders could buy available weakness Tuesday or Wednesday.