Intertek
A trading opportunity for you?
Will Intertek break support, or will it rise again back to 6029p ?
- Intertek has formed a support level since April
- Bounced off 4739p zone 4 times. Now trading 4936p (at time of writing)
- Will the pattern repeat itself, bouncing up again towards 6029p recent highs?
- Shares -18.5% from 2018 highs; +9.6% from 2018 lows; -4.9% year-to date
- Intertek (7 Aug) sees 2018 trading in line with views and made small acquisition of Alchemy (3 Aug)
- Shares pay a 31.9p/0.7% dividend on 4 Oct.
Trading Intertek – An Example
Let’s say you like the range, you think it’s heading back towards 6029p again. You decide to buy exposure to £10,000 worth of Intertek using a CFD, at the current price of 4934p. To do this, you need £2,000.
Let’s assume Intertek recovers back to 296p (+22.2%). Your profit would be £2200, 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. Intertek 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.