CSR lifted their H1 profit by 3.7% as the building products supplier benefited from the firm residential housing market.
However, the market was expecting a better result as CSR shares are down over 5% at $4.48 in early trade.
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Our ALGO engine has triggered three sell signals in CSR in the $4.80 to $4.95 range over the last two weeks.
With the internal momentum indicators in “overbought” territory on the daily charts, we now see scope for a move back to the low $4.00 handle.
CSR
