Technical Analysis Takeaways of VMC And F

According to Kevin, Vulcan material chart is kind of mirroring what we're seeing in broad materials being below the 50 day moving average going back about five or six weeks. The stock is in a tricky spot, where the bulls would like to see a break above the 50 period moving average and the bears are waiting for a break below the diagonal support trendline. Ford is up about 50% year to date, and is trading back to levels since its new enthusiastic truck product lineup. The stock is retesting the previous breakout level of $12.50 which could be utilized by long term traders as a level of technical support to avoid any further downside risk.

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20 Jul 2021

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Technical Analysis Takeaways of VMC And F

According to Kevin, Vulcan material chart is kind of mirroring what we're seeing in broad materials being below the 50 day moving average going back about five or six weeks. The stock is in a tricky spot, where the bulls would like to see a break above the 50 period moving average and the bears are waiting for a break below the diagonal support trendline. Ford is up about 50% year to date, and is trading back to levels since its new enthusiastic truck product lineup. The stock is retesting the previous breakout level of $12.50 which could be utilized by long term traders as a level of technical support to avoid any further downside risk.

The Watch List

20 Jul 2021

ON AIR
7:00 am
Market Overtime
replay

Get Market Minute

Daily insights for every investor

FOLLOW US