Based on my graphic analysis I observe a bearish projection reaching minus 6,5% in the price of this corporation, that is; from $585 it will drop to $548. With a buy exit emerging at $615, it is worth remembering that the exact time the decline will take is unpredictable, the market will simply do its job. We can mention that it will happen within the next 20-30...
All these 3 stocks are leaders in the Building Materials industry.
NASDAQ:USLM is the clear leader between the 3, breaking from its 2022 highs earlier.
The technicals between NYSE:MLM and NYSE:VMC are very similar but, the fundamentals are another story.
Martin Marietta NYSE:MLM , produces crushed stone/sand/other aggregates for...
The PEAD projected a Bullish outlook for $MLM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
The PEAD projected a Bullish outlook for $MLM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
MLM setting up an ascending triangle
Base range measurement and classic price target are plotted on the chart
Look for confirmation in the form of a break and retest
The company is very well managed and generates a good stream of profits. The total debt reached 2.6B, with a total turnover of 4.8B per year and profits of 720 million dollars per year. With Biden's infrastructure plan, the company will be a major beneficiary, however the share price already fully reflects this possibility. We therefore believe it is appropriate...
MLM has been building strength and continuing. Although sometimes a high RSI means something is overbought, sometimes it can signal strength. Every time the RSI and MACD spike, it ends up being a sign of building strength and momentum in MLM as marked by the blue vertical lines.
There was a bullish Golden Cross and with the infrastructure bill around the corner,...
Hey investors, MARTIN MARIETTA MATERIALS is in a very important moment of its history one can attend a new higher historisque. It is in a long term bullish movement with a large buy volume executed and a kind of hammer candle. Looking at the TIMEFRAME M1 we observed a dash with a purchase volume returns made, it came to test the top of the consolidation zone....
Back in September, I alerted to the rectangle breakout opportunity that was taking place. The stock broke out strongly from that consolidation pattern and is now forming a 2 month consolidation rounded base and setting up for breakout round 2.
on September 25th, I posted about the 4 months breakout setting up. Today, MLM reached its price target and reversed closing the day with a shooting start candlestick pattern. I know some of you bought the breakout and sold at target. Nice Trade!
here is the Post from sept 25th.
NYSE:MLM is another stock showing relative strength and could be setting a breakout to higher prices in the coming days. A clear daily close above $230 resistance that has been tested multiple times in recent weeks will set the stage for the next leg higher.
$MLM Martin Marietta Inc Rangebound w/ Unusual Bearish Options Activity Today
It was rejected today just under $228 resistance near the upper limit of the recent range it's been locked in.
Unusual Bearish Options Activity:
About ~2,500 $240.00 strike (ITM) January 2021 puts traded today vs open interest of <200 (14x OI) for a total premium outlay of $7M+....
$MLM forming an ascending triangle & is in a squeeze on the daily chart with momentum turning up. $MLM is a public construction company & is moving up nicely with peer construction material company $SUM & $MTZ. Long all three here into their respective triangles. Looking for breakout & daily squeeze to release by end of September as per trend support line.
Earnings in November
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; Portland and...
