Ferrexpo
A trading opportunity for you?
Will Ferrexpo break support, or will it rise again to 303p (+7.4%)?
- Rising support since late May; multiple bounces
- Now trading 282p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 303p (+7.4%)?
- Shares -7.4% from 2019 highs; +57.8% from 2019 lows; +45.2% year-to-date.
- 3 July: Ferrexpo appoints new auditor after charity scandal
- 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 303p again. You decide to buy exposure to £10,000 worth of Ferrexpo using a CFD, at the current price of 282p. To do this, you need £2,000.
Let’s assume Ferrexpo rises back to 303p highs (+7.4%). Your profit would be £740, 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.