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

• Shares +16.9% from recent lows.
• Now 2622p (at the time of writing).
• Will the positive momentum take them back to prior 2879p highs?
• Shares -1.2% from 2019 highs; +30.4% from 2019 lows; +26.5% year-to-date
• 17 Feb: Better than expected results for the Chinese economy that came out over night
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading CRH  – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of CRH using a CFD, at the current price of 2622p. To do this, you need £2,000.

Let’s assume the CRH trend continues to 2879p highs (+9.8%). Your profit would be £980, 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 falls 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.