The Relative Strength (RS) Rating for CRH headed into a higher percentile Tuesday, as it got a lift from 68 to 71.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if CRH can continue to show renewed price strength and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a consolidation and break out.
Earnings growth increased last quarter from 9% to 12%. But sales fell from 4% to 2%.
CRH earns the No. 2 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. CRH is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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