Will CRH break resistance, or will it rise to new 2742p highs?

• Rising range since December; uptrend since May
• Bounced from support 3 times. Now 2542p (at time of writing)
• Will the pattern repeat itself, shares testing new 2742p highs?
• Shares -4.2% from 2018 highs; +26.3% from 2018 lows; +22.4% year-to-date
• 29 Apr: CRH Continues Share Buyback Programme
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

Click to enlarge

Trading CRH – An Example

Let’s say you like the CRH range, you think it’s heading to new 2742p highs. You decide to buy exposure to £10,000 worth of CRH using a CFD, at the current price of 2542p. To do this, you need £2,000.

Let’s assume CRH rise to 2742p (7.8%). Your profit would be £780, 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.