Ferrexpo
A trading opportunity for you?
Will Ferrexpo break support, or will it rise again to 300p?
- Rising support since September;
- 5 bounces to trade 255p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 300p?
- Shares -8.8% from 2018 highs; +42.5% from 2018 lows; +31.2% year-to-date.
- 1 Apr: Will publish FY results on/before 25 April; independent review on charitable donations ongoing
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Ferrexpo – An Example
Let’s say you like the Ferrexpo chart and you think the price is heading back towards 300p again. You decide to buy exposure to £10,000 worth of Ferrexpo using a CFD, at the current price of 255p. To do this, you need £2,000.
Let’s assume Ferrexpo rises back to 300p highs (+17.6%). Your profit would be £1760, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Ferrexpo falls 5% and hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.