RE: UK Stocks - Watchlist and Discussion (Premium)
A few longs:
CRH.L. This was put up by Isatrader (?) a day or two ago. Volume is developing. Can't quite decide where I would put a stop. Would 1450ish be the least conservative place to put one? That is about 20%. 1600 looks too close. Is the risk / reward worth it?
Curious, three housebuilders and a builders merchant showing on my screener at the same time. That is a hint about the sector. Redrow had the large spike yesterday, and providing it does not shoot up on opening it does not look too late to put an order in? However, stop would go at approx 255, 27% away, this looks too far, countering this volume is excellent, RSI is on the up just crossing zero. TPK.L, stop at 1710 would give 14.5% away. TW.L, stop at 122 is 16% away. BDEV.L, stop at 412 would be 13% away, but RSI on a downward trend about to cross zero.
Scratching my head a little, I'm sure there are good picks in here but the lower risk stops have lower RSIs.
----
Just noticed CRH.L is also in construction and materials.