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Stock Charts AI Power Rank: 5.5
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Martin Marietta Materials Inc (MLM)
Industry: Building Materials
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MLM has been trading in a range between $577.46 and $529.98 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
MLM is trading between resistance at $596.27 about 5% to the upside and support at $558.62 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $621.53, about a 10% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Martin Marietta Materials Inc $MLM entered a Green zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $505.26, a potential down side of -10.67% from the recent price of 565.62. The stock is trading 10.65% (potential upside) below its 52 week high of $625.86 and 45.68 % (potential downside) above its 52 week low of $388.27 - based on the recent price.
Company Summary
Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side 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; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.
News
| 3 Infrastructure Titans Ready to Soar on Government Spending: July 2024 Infrastructure stocks remain quite popular among investors, especially with government initiatives in recent years poised to inject massive funding into the sector. Central to this boom is the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL), signed in November 2021. Source: InvestorPlace Wed, 24 Jul 2024 06:07:00 -0400 Sentiment: Positive |
| Martin Marietta Announces Second-Quarter 2024 Earnings Conference Call RALEIGH, N.C., July 15, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) will host its second-quarter 2024 earnings conference call on Thursday, August 8, 2024, at 10:00 a.m. Eastern Time. The Company will release results for the quarter ended June 30, 2024, that morning before the market opens. Source: GlobeNewsWire Mon, 15 Jul 2024 09:51:00 -0400 Sentiment: Neutral |
| Final Trade: GDX, MLM, SLV The final trades of the day with the Fast Money traders. Source: CNBC Television Fri, 05 Jul 2024 19:09:08 -0400 Sentiment: Neutral |
| 7 Can't-Miss Infrastructure Stocks No Matter Who Is President In the current politically divisive environment, it's difficult to imagine any bipartisanship materializing. However, such consensus isn't unheard of. Source: InvestorPlace Wed, 19 Jun 2024 06:00:00 -0400 Sentiment: Negative |
| Zacks Industry Outlook Martin Marietta and Vulcan Materials Martin Marietta and Vulcan Materials have been highlighted in this Industry Outlook article. Source: Zacks Investment Research Fri, 14 Jun 2024 06:20:28 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 625.8594 52 Week Low: 388.275 Beta: 0.912 50 Day MA: 559.5414 200 Day MA: 529.9988 Earnings / Revenue Trends Qtr Earnings Growth YOY: 7.658 Qtr Revenue Growth YOY: -0.076 Forward PE: 28.3286 Trailing PE: 16.0705