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Shares of CRH Down on Above Average Volume, Moving Against Trend (CRH)

By Nick Russo

CRH's stock is down 0.7% to $29.24 on heavy trading volume. Today's volume of 510,000 shares tops the average 30-day volume of 321,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 7.6%. We continue to monitor CRH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of CRH have traded between a low of $23.33 and a high of $30.95 and are now at $29.20, which is 25% above that low price. 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