Intertek
A range trading opportunity for you?
Will Intertek break support, or will it rise again to 5200p?
- Rising channel since October
- Bounced 5 times from support to trade 4888p (at time of writing)
- Will the pattern repeat itself, rising back to Feb highs of 5200p?
- Shares -7% from 2019 highs; +6.3% from 2019 lows; +1.8% year-to-date.
- 5 Mar: Raises dividend, results in-line, sees good organic growth in 2019
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Intertek – An Example
Let’s say you like the Intertek range, you think it’s heading back up to 5200p again. You decide to buy exposure to £10,000 worth of Intertek using a CFD, at the current price of 4888p. To do this, you need £2,000.
Let’s assume Intertek rises back to Feb highs of 5200p (+6.3%). Your profit would be £630, 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. Intertek 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.