NYSE:VMI - New York Stock Exchange, Inc. - US9202531011 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to VMI. Although VMI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, VMI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 283.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 265.27, a Stop Loss order could be placed below this zone.
257.62
When analyzing the support we notice one important area.
When analyzing the resistance we notice 2 important areas.
277.83
-3.28 (-1.17%)