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Shares of CRH Are Down on Strong Volume (CRH)

By Amy Schwartz

CRH's stock is down 8.0% to $26.33 on heavy trading volume. Approximately 730,000 shares have changed hands today vs. average 30-day volume of 321,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is monitoring the recent change of momentum in CRH. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CRH in search of a potential trend change.

Over the past year, CRH has traded in a range of $23.33 to $31.55 and is now at $26.41, 13% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

Keywords: unusual volume

Ticker(s): CRH