$VMC exhibits strong fundamentals and technical
Technical and Fundamental Analysis of Vulcan Materials Company (VMC)
Vulcan Materials Company (VMC) recently released its Q4 2024 financial results, showing strong profitability. Earnings per share surged by 89% to $1.72, compared to $0.91 in the same period last year. This growth is attributed to effective pricing strategies and cost control, despite flat demand in the residential construction sector.
Technical Analysis:
From a technical perspective, the stock is in a short-term uptrend, currently priced at $266.26. The next resistance level is around $277.54, with a further resistance at $292.31. Support levels can be found at $264.55 and $231.83. A breakout above the first resistance would confirm further bullish momentum.
Fundamental Analysis:
Analysts remain optimistic about VMC. Loop Capital Markets recently issued a "Buy" recommendation with a price target of $325, indicating confidence in the company's future growth.
Conclusion:
Vulcan Materials exhibits strong fundamentals and technical indicators. A breakout above the current resistance levels could signal further upside potential.
Vulcan Materials Company (VMC) recently released its Q4 2024 financial results, showing strong profitability. Earnings per share surged by 89% to $1.72, compared to $0.91 in the same period last year. This growth is attributed to effective pricing strategies and cost control, despite flat demand in the residential construction sector.
Technical Analysis:
From a technical perspective, the stock is in a short-term uptrend, currently priced at $266.26. The next resistance level is around $277.54, with a further resistance at $292.31. Support levels can be found at $264.55 and $231.83. A breakout above the first resistance would confirm further bullish momentum.
Fundamental Analysis:
Analysts remain optimistic about VMC. Loop Capital Markets recently issued a "Buy" recommendation with a price target of $325, indicating confidence in the company's future growth.
Conclusion:
Vulcan Materials exhibits strong fundamentals and technical indicators. A breakout above the current resistance levels could signal further upside potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.