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CRH PLC T.CRH


Primary Symbol: CRH

CRH PLC is a provider of building materials solutions. The Company integrates building materials, products, and services by providing them to customers as complete solutions. Its segments include Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions and Europe Building Solutions. The Americas Materials Solutions segment provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings in North America. The Americas Building Solutions segment manufactures, supplies, and delivers solutions for the built environment in communities across North America. The Europe Materials Solutions segment provides solutions for the construction of public infrastructure and commercial and residential buildings to customers in construction markets in Europe. The Europe Building Solutions segment combines materials, products, and services to produce a range of architectural and infrastructural solutions.


NYSE:CRH - Post by User

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Post by WINDGOD46on Oct 23, 2018 10:01am
146 Views
Post# 28855034

Have we hit bottom?

Have we hit bottom? In retrospect,two things seem to have been catalysts  for the Sep, Oct., sell offs for CRH. First the the RS index was showing an over bought condition, 80-85, on the RS index, 50 to be neutral and bellow that we have oversold conditions. The computers are programmed to start selling off if the RS index hits a certain level, either going short or plain sell off. And this seems to be likely what the various Funds do. A condition the small investors could not possibly know, unless they keep track of the RS index and sell over 70 or 75 no matter what. The second catalyst was the Treasuries yield, shot up, the 10-year in the US, hit 3.25, an indication that the market is ready for correction since many investor go for security and sell off equities along with the interest rate rise. In any case the stock is in a oversold territory and for those who have a long term horizon, may be this is the time to establish positions. GL 
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