Ferrexpo
Is this trend a good trading opportunity?
Will Ferrexpo turn, or will it continue to rise to 304p highs (+8.5%)?
- Shares +33% from recent lows with breakout above 267p
- Now 279p (at the time of writing).
- Will the positive momentum take them back to 304p highs (+8.5%)?
- Shares -8.6% from 2019 highs; +55.9% from 2019 lows; +43.6% year-to-date
- 7 Jun: Ferrexpo expects H1 Profit growth; Appoints Director amid charity review
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Ferrexpo – An Example
Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Ferrexpo using a CFD, at the current price of 279p. To do this, you need £2,000.
Let’s assume the Ferrexpo trend continues to 304p highs (+8.5%). Your profit would be £850, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Ferrexpo falls 3% and hits your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.