CRH
Is this trend a good trading opportunity?
Will CRH turn, or will it continue to rise towards previous highs at 2885p?
- Shares +34.8% from December lows; Now 2592p (at the time of writing).
- Will the positive momentum take them to previous highs at 2885p?
- Shares -2.2% from 2019 highs; +28.9% from 2019 lows; +25.1% year-to-date.
- 29 Apr: CRH Continues Share Buyback Programme
- 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 2592p. To do this, you need £2,000.
Let’s assume the CRH trend continues to new all time highs of 2885p (+11%). Your profit would be £1100, 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.