Vulcan Materials has a good setup on the chart going into an earnings announcement on August 1 2017 in which it will likely be a beat. That's a beautiful rising large players volume as the price of the stock has pulled back which suggests large players are accumulating on pullbacks. The Twiggs Money Flow is a bit weak but it appears to be rounding up. Very close to a momentum squeeze on the chart but more importantly, look at the beautiful TSI buy signal. I went long this stock in my personal trading account today and my plan is that this is a short term swing long on an earnings beat so I'll likely sell around August 1st.
Lance. Had I seen the original post, I'd have warned ya off. I follow this one. This is a short. In a nutshell.... They only have a tangible book value of about $4.50 per share and over 2 billion in variable debt. Cash flow/share is $5. Thats about right I suppose for this sector.... BUT... ...Its a Trump trade. If he can get something done in Congress... then yeah. But if not, this thing breaks $110 easy before the year's out. (Which is a safe bet as Congress is obviously a clusterfuck.) Those interest payments sting. No bucks.. no Buck Rodgers. (quick. which movie?) And as best as I can ascertain.... for now at least.... at least from a fundy/historical pov... this thing is overvalued. That being said.... in a way its a story stock too in the sense it will move on BS news out of DC. Glad you stopped out. Take it short on gridlock. -vz