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CRH Crosses Above its 10-day MA (CRH)

By Nick Russo

CRH (NYSE:CRH) crossed over its 10-day moving average of $32.99 on a volume of 177K 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.

Over the past year, CRH has traded in a range of $23.33 to $34.28 and is now at $33.45, 43% above that low. 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 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