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CRH Breaks Out of Weekly Flag as Option Traders Eye Move to 100

CRH Breaks Out of Weekly Flag as Option Traders Eye Move to 100

by | Aug 21, 2024 | Open Interest Alerts

CRH quietly working back to new highs with MACD cross bull,the 20K Dec 82.5/100 call spreads bought in OI

CRH is one of the largest building-materials companies in the world. It produces aggregates, the rocks used to make concrete, as well as cement, asphalt, and other construction-related products that it sells in Europe and the U.S. CRH has spent some $10 billion on mergers and acquisitions in the past five years along with $4 billion on stock repurchases and paying $4 billion in dividends. CRH is set to benefit from the government spending stimulus in the US on infrastructure and shares have been re-rating higher as it moved its primary listing to the US.