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Bearish Moving Average Cross by CRH (CRH)

By Shiri Gupta

CRH (NYSE:CRH) shares have crossed bearishly below their 10-day moving average of $33.30 on a volume of 857K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

CRH share prices have moved between a 52-week high of $34.28 and a 52-week low of $23.33 and are now trading 42% above that low price at $33.08 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of CRH on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.14. Since that recommendation, shares of CRH have risen 14.7%. We continue to monitor CRH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): CRH