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CRH Bearish Moving Average Crossover Alert (CRH)

By James Quinn

CRH (NYSE:CRH) crossed under its 10-day moving average of $30.55 on a volume of 575K 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.

In the past 52 weeks, CRH share prices have been bracketed by a low of $23.33 and a high of $31.55 and are now at $29.67, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of CRH on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.39. Since that recommendation, shares of CRH have risen 12.2%. 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