​​#idea #analytics. Vulcan materials (#VMC) BUY Investment | WhiteRaven Capital

​​#idea #analytics.
Vulcan materials (#VMC) BUY

Investment horizon: 1-2 months
Entry price: current market price
Target: $210
Potential yield per trade: 13%
Entry volume: 10%
Stop order: $180

Technical analysis:
The paper trades within the ascending channel. It is worthwhile opening positions from the current levels with the target of $210. When buying at 10% and placing a stop order at $180, the risk on the portfolio is 0.30%. The profit/risk ratio is 4.3.

Fundamental factor:
Vulcan Materials Company is an American company based in Birmingham, Alabama, primarily engaged in the manufacture, distribution, and sale of building materials.
Biden on Friday will propose a $6 trillion budget plan (that's about 1/4 of U.S. GDP). By 2031, total spending would rise to $8.2 trillion a year. With the new budget plan, the company could significantly increase revenues in the coming years.