When building your watch list, look for stocks with an 80 or higher RS Rating. CRH just met that criteria with a new score of 82.
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This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
CRH is now considered extended and out of buy range after clearing a 96.95 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 3%. Revenue rose from 3% to 6%.
CRH earns the No. 4 rank among its peers in the Building-Cement/Concrete/Aggregates industry group. Smith-Midland 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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