CRH
A trading opportunity for you?
Will CRH continue falling, or will it rise again back to 2,549p October highs?
- CRH shares have fallen over 12% in 2 weeks to trade 2,218p (at time of writing).
- Shares almost -20% from 2018 highs; +1.2% from 2018 lows; -16.5% year-to-date.
- Shares have fallen after European peer Heidelberg Cement issued a profits warnings, anticipating weaker 2018 results.
- Weakness in European construction sector weighing on CRH shares.
- Can the stock recover back to October highs?
- Source: Dow Jones, Bloomberg, FT, Company News
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Trading CRH – An Example
Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 2,549p. You decide to buy exposure to £10,000 worth of CRH using a CFD, at the current price of 2,218p. To do this, you need £2,000.
Let’s assume CRH recovers back to 2,549p (+14.9%). Your profit would be £1,490, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. CRH falls 8% and hits your stop-loss. Your loss would be £800.
This is provided for information purposes only. It should not be taken as a recommendation.