Mar. 14 at 9:16 PM
$MLM 🚧 rising wedge just broke down — chart says watch out
8H structure:
• ATH
$709.98 (Jan 2026)
• rising wedge from
$438 low →
$710 ATH over ~10 months
• NOW: price breaking below wedge trendline at
$579–
$582
• volume spike on breakdown = conviction
• RSI dropping from overbought
•
$600.21 = prior support, now RESISTANCE
• next support:
$576.35 →
$552.52 →
$500
• wedge measured move target:
$500–
$520 zone
the fundamentals explain the chart:
• Q4 EPS
$4.62 vs
$4.81 est — MISS
• Q4 revenue
$1.53B vs
$1.66B est — MISS
• Quikrete asset swap: sold high-margin cement → bought lower-margin aggregates
• Jefferies: swap drags price-to-mix -250bps in 2026
• 2026 net earnings guide
$1.04B–
$1.16B = modest growth
⚠️ the bull case is still there:
• infrastructure spending tailwind (data centers, Sunbelt)
• 14 analysts avg PT
$704 • Citi
$804 (highest)
• Morgan Stanley lowered PT
$706 →
$702 yesterday
• New Buy rec added Mar 9
#MLM #MartinMarietta #Infrastructure #hovdid