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After Yesterday's Rally of 1.26% Shares Could Potentially Pullback

By James Quinn

CRH (NYSE:CRH) traded in a range yesterday that spanned from a low of $34.32 to a high of $34.69. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $34.34 on volume of 553,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, CRH has traded in a range of $23.33 to $36.83 and is now at $34.64, 48% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for CRH and will alert subscribers who have CRH in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders

Ticker(s): CRH