On Thursday, CRH hit a key technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 83, up from 80 the day before.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves.
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CRH is building a cup with handle with a 102.20 entry. See if it can break out in heavy trading.
While earnings-per-share growth decreased last quarter from 16% to 9%, the top line grew 4%, up from -1% in the prior report. Keep an eye out for the company's next round of numbers on or around Feb. 27.
CRH holds the No. 3 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. U.S. Lime & Minerals is the top-ranked stock within the group.
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