<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CRH PLC stock price: The stock price has been in a bullish phase since last year’s November.</a> </li> 
 <li> <span>2</span> <a>The company just got listed on the NYSE and the market seemed to show some positive reflection.</a> </li> 
 <li> <span>3</span> <a>The current price is moving toward its immediate resistance level for a breakout, know the prediction below.&nbsp;&nbsp;</a> </li> 
</ul> 
<p>Construction industry giant CRH group, (LON: CRH) which has been there for more than 53 years, rang the opening bell on the Wall Street, NewYork Stock Exchange (NYSE). The CRH stock price made a high on Monday following this news.</p> 
<h2 class="wp-block-heading" id="strong-the-celebration-has-begun-strong"><strong>The Celebration Has Begun</strong></h2> 
<p>The company is celebrating its primary stock listing move from Europe to the U.S. CEO A.J Manifold said that this move marks an important milestone in the development of CRH Plc. He believes this change will enable them to fully participate in the significant growth opportunities that lie ahead for their business.</p> 
<h3 class="wp-block-heading" id="strong-investors-have-also-joined-the-party-strong"><strong>Investors have also joined the party</strong></h3> 
<p>It may seem unlikely that a stock’s listing on the NYSE can have a significant impact on its shares. However,&nbsp; in case of the CRH stock, the trading volume has increased more than a thousand percent (Year-on-year) to approximately 6.5 million shares in the last 20 days. That can be a magnet to attract institutional investors.</p> 
<h2 class="wp-block-heading" id="strong-why-is-the-crh-stock-price-rising-strong"><strong>Why is the CRH Stock Price Rising?</strong></h2> 
<p>Although the CRH stock price has made a new high on this Monday, it has been on a bullish rally for a long time. The bulls took the CRH stock price under control in November last year, when the share price was £3114.</p> 
<p>The bullish investors were motivated by the optimistic half-yearly reports that were published during the time of this uptrend. According to the latest Half-yearly report (published in June 2023), the revenue growth has been positive for six consecutive years. In addition, the company was able to maintain a positive net profit once again. The management also announced an increased dividend yield which once again put CRH’s name in the headlines.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-crh-stock-price-strong"><strong>Technical Analysis and Prediction of CRH Stock Price</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/NhM_P14nvrW621SLvQgyi3woUAcSb1eqxYEjqUoLRcFaKnIEyKT3xTEMQN-0UM0fCPvUkK2htXN2IBqTwk8LQ2mpuhyttXrYZlD5CeC5ID9jgQoJTS87jFgS7xizEo63iguHtMR_PKQpiSlmb1P44iE" alt="CRH Stock Price: The Firm Rang the Bells of Wall Street on Monday"> 
  <figcaption class="wp-element-caption">
    Chart provided by <a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=LSE%3ACRH" rel="noopener noreferrer nofollow">TradingView</a> (daily time frame) 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of writing, the CRH <a href="https://www.thecoinrepublic.com/2023/09/21/hln-stock-price-bears-gave-up-after-the-reinforcement-of-50-ema/" rel="noopener noreferrer nofollow">stock price</a> is trading at £4563 after bouncing back from its immediate support level of £4304. While making this bullish candle, the bulls have also surpassed the 50 EMA which was at £4409.&nbsp;</p> 
<p>Moreover, the stock price is hovering just below its resistance level of £4576. With the current momentum, the bulls may break past that level. However, the 50-day EMA will provide reliable support if the bears gain control.&nbsp;</p> 
<p>Overall, the technical analysis states that the CRH stock price will move with its trend. As it breaks the resistance level, the bulls will move up to fill the liquidity of the all-time-high candle shadow, which was madly ringing this June.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>The CRH stock has just made its way onto the New York Stock Exchange upon which the market reacted very positively. The CRH stock price made a Monday high and it is looking forward to making a breakout to fill the liquidity of June 2023.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support: £4304, and&nbsp; £4133</p> 
<p>Resistance: £4576, and £4890</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

CRH Stock Price: The Firm Rang the Bells of Wall Street on Monday

Daftar Isi

Thecoinrepublic.com

Artikel lain yang dipublikasikan pada 26 Sep 2023

Future Innovation Summit 2023: Pioneering the Next Wave of Global Innovations

The Titanic Sinks As Taiwan Issues Long-Awaited Crypto Guidance

Top Analyst Forecasts Bitcoin’s Pre-Halving Surge to $250,000: Here are Insights into BTC’s Poten...

MoneyGram to launch non-custodial crypto wallets by Q1 2024

HTX launches SAFU fund following $7.9 million Ethereum loss

The creditors of Celsius approve the reorganisation proposal.

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!