CRH weakens below Exponential Moving Average Price

CRH weakens below Exponential Moving Average Price
Published: 09 September 2010

CRH has dropped below its trend. The MACD indicator (12 day EMA-26 day EMA) is negative, a bearish signal. In the past 26 days this indicator is negative for 23 days, suggesting further downside. The stock fell for a second day on Wednesday bringing its two-day fall to 62.50 cents or 4.6%. The stock price fell 41.0 cents (or 3.0%) to close at EUR13.04. Compared with the ISEQ Overall index, which fell 22.3 points (or 0.8%) on the day, this was a relative price change of -2.2%.

Volatility: the stock traded between an intraday high of EUR13.45 and a three-day low of EUR13.02, suggesting a trading opportunity between peaks and troughs.

Moving average price (MAP) [with equal weightage to prices at close]: the price to 200-day MAP ratio is 0.74, a bearish indicator. In the past 200 days this ratio has been under 0.74 just eight times suggesting a support level. The stock is trading below both its MAPs and the 50-day MAP of EUR15.06 is lower than the 200-day MAP of EUR17.53, a bearish indicator. The 200-day MAP has decreased to EUR17.53. A decrease is another bearish indicator.