Vulcan Materials is America’s largest producer of concrete aggregate. It is also a major producer of asphalt, ready-mix concrete, and other construction materials. The company sold 215 million tons of aggregates in 2019. It is far ahead of any nearest competitor in terms of scale and that is its biggest moat. The company’s scale, population growth, and a pickup in US construction activity will be the drivers of long-term growth for the company.
The monthly long term chart for Vulcan Materials shows a clear uptrend. The price has regularly bounced from the bottom of the long-term trend. The stock peaked in October 2019 before falling almost 55% over the next 5 months. The price broke the bottom of the long-term trend in March 2020. Starting April, Vulcan Materials has resumed its uptrend with the price gaining 25%. The likely target price is 148. A stop loss can be placed at around 105, just below the bottom of the long-term trend.
Position taken today at $129.51 with a stop loss 22.76% below at 100$ . Medium term take profits set at $165 giving a return of 27% .
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.