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CRH Crosses Below its 10-day MA (CRH)

By David Diaz

Today, shares of CRH (NYSE:CRH) have crossed bearishly below their 10-day moving average of $28.95 on a volume of 322K 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 $30.95 and a 52-week low of $23.33 and are now trading 23% above that low price at $28.58 per share. The 200-day and 50-day moving averages have moved 0.01% higher and 0.74% higher over the past week, respectively.

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 6.2%. 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