A trading opportunity for you?
Will IQE continue falling, or will it rise again back to 67.6p last week’s highs?
- IQE share price -17% from last week’s highs after Apple announced a rare sales warning.
- IQE manufactures chip architecture and is sensitive to global Tech sector weakness.
- Shares already bounced back over 5% from yesterday’s lows.
- 7 Jan: IQE appointed Tim Pullen (ex ARM Ltd) as new CFO.
- Now trading at 57.9p (at the time of writing).
- Shares are down over -16.4% from 2019 highs, +1% from 2019 lows, -8% year-to-date.
- Can the shares regain recent highs?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading IQE – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 67.6p. You decide to buy exposure to £10,000 worth of IQE using a CFD, at the current price of 57.9p. To do this, you need £2,000.
Let’s assume IQE recovers back to 67.6p last week’s highs (+16.75%). Your profit would be £1675, 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. IQE 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.