Will CRH turn, or will it continue to rise towards June highs of 2879p?

• Breakout above 2539p to trade 2622p  (at time of writing).
• The ‘trend is your friend’. Will it continue towards 2879p?
• Shares -1.2% from 2019 highs; +30.5% from 2019 lows; +26.6% year-to-date.
• 12 Apr: Reuters says CRH eyeing €2bn sale of European distribution unit
• 11 Apr: S&P upgrades CRH outlook to stable from negative on expected resilience
• 2 Apr: further buybacks under active consideration, expect details on 24 Apr
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading CRH – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 2879p . You decide to buy exposure to £10,000 worth of CRH using a CFD, at the current price 2620p (at time of writing). To do this, you need £2,000.

Let’s assume the CRH trend continues upwards to 2879p (+9.9%). Your profit would be £990, 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 breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.

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