CRH hits year-low third time in three months

CRH hits year-low third time in three months
20 August 2010

CRH hit a 52-week low of €14.25 during the day. In the last three months the stock has hit a new 52-week low thrice. The stock fell for a second day on Thursday bringing its two-day fall to 76.0 cents or 5.0%. The stock price dropped 65.50 cents (or 4.4%) to close at EUR14.35. Compared with the ISEQ Overall index, which fell 54.2 points (or 1.9%) on the day, this was a relative price change of -2.5%.

Volatility: the stock traded between a seventeen-month low of €14.25 and five-day high of EUR15.54, suggesting a trading opportunity between peaks and troughs. Today its volatility of 9.0% was 3.5 times its average volatility of 2.6%. A price fall on high volatility is a bearish signal.

Volume: there were 2,011,224 shares worth €28.9m (US$37.1m) traded. The volume was 0.8 times average trading of 2,392,647 shares.
Published under Cement News