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CRH Bullish Moving Average Crossover Alert (CRH)

By Nick Russo

Today, shares of CRH (NYSE:CRH) have crossed bullishly above their 10-day moving average of $33.33 on a volume of 362K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 46% above that low price at $34.11 per share. The 200-day and 50-day moving averages have moved 0.04% lower and 0.84% higher over the past week, respectively.

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 13.4%. 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