Vulcan Materials [VMC] MACD divergence in action in early March
Early March, VMC formed a good looking double bottom on the daily price chart with a classic inverted V. The MACD on the second bottom was significantly higher on the first. By extrapolating the MACD from the second bottom we can see the MACD shows the price of VMC should be at the +$46 level. March 45 calls purchased in early March yielded +700%. Thanks to the Options Hunter Yahoo group members for highlighting this stock.




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