[isatrader]

VMC broke out on more than 5 times it's average daily volume on Monday and is now trading near it's 2013 highs, as well as potentially five year highs as you can see on the monthly chart.

On the weekly chart it's been in Stage 3 for most of the year, but on the monthly chart it still in the early part of Stage 2, and if it breaks out would be the firat monthly Stage 2 continuation move, so there looks to be some potential in VMC for a Stage 2 advance.

           

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LEE is in a strong Stage 2 advance and has consolidated above it's rising 30 week MA over the summer months and is now attempting to break out to new highs. Relative performance and volume both look good with this volatility contraction pattern, and the monthly chart shows it's breaking out into early Stage 2 on that timescale also.