Ashtead
A trading opportunity for you?
Will Rightmove break support, or will it rise again back to highs of 1750p?
- Ashtead has rising support since mid-December.
- 6 bounces, most recently today/yesterday
- Now trading 1624p (at time of writing).
- Will the pattern repeat itself? Will the shares bounce off support again?
- Shares -34.7% from 2018 highs; +0.7% from 2018 lows; -18.6% year-to-date.
- 11 Dec: Recent share-price fall creates buying chance, says Jefferies
- 11 Dec: Ashtead expects FY results to ahead of prior views
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Ashtead – An Example
Let’s say you like the Ashtead chart and you think the price is heading back towards 1750p again. You decide to buy exposure to £10,000 worth of Ashtead using a CFD, at the current price of 1624p. To do this, you need £2,000.
Let’s assume Ashtead rises back to 1750p (+7.8%). Your profit would be £780, 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. Ashtead 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.