Vulcan Materials (VMC) Offering Possible 16.96% Return Over the Next 23 Calendar Days

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Vulcan Materials’s most recent trend suggests a bearish bias. One trading opportunity on Vulcan Materials is a Bear Call Spread using a strike $190.00 short call and a strike $200.00 long call offers a potential 16.96% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $190.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $8.55 would be incurred if the stock rose above the $200.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Vulcan Materials is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Vulcan Materials is bearish.

The RSI indicator is at 55.65 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Vulcan Materials

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Wed, 11 Aug 2021 06:44:05 +0000
By Dhirendra Tripathi

Vulcan Materials Misses On Q2 Earnings Estimate, Reiterates FY21 Adjusted EBITDA Outlook
Wed, 04 Aug 2021 19:46:48 +0000
View more earnings on VMCSee more from BenzingaClick here for options trades from BenzingaSpirit AeroSystems Stock Falls On Expecting Incremental Forward Loss On Boeing Fuselage IssueBelden Shares Skyrocket After Q2 Earnings Beat, Revenue Growth, Raised FY21 Outlook© 2021 Benzinga does not provide investment advice. All rights reserved.

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