Will CRH break resistance, or will it fall back to 2000p?

• Falling range since Oct July; downtrend since June
• Fallen from resistance 3/4 times. Now 2190p (at time of writing)
• Will the pattern repeat itself, shares testing prior 2000p lows?
• Shares -24.8% from 2018 highs; +10.8% from 2018 lows; +6.3% year-to-date
• 28 Dec: To buy back €200m of shares under phase 4 of buyback program
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading CRH – An Example

Let’s say you like the CRH range, you think it’s heading back down to 2000p again. You decide to sell exposure to £10,000 worth of CRH using a CFD, at the current price of 2190p. To do this, you need £2,000.

Let’s assume CRH falls back to 2000p (-8.7%). Your profit would be £870, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. CRH rises 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.