NMC Health
A trading opportunity for you?
Will NMC Health break support, or will it rise again back to 3577p ?
- NMC Health has support since mid-September.
- Bounced 5 times from 3280p zone. Now trading at 3298p (at time of writing)
- Will the pattern repeat itself, bouncing up again towards 3577p?
- Shares -24.3% from 2018 highs; +16.1% from 2018 lows; +14.2% year-to date
- Banks shares have been benefiting from higher bond yields
- 28 Aug: NMC Health shares rise after it denies Indian investment speculation; reaffirms focus on Gulf region
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading NMC Health – An Example
Let’s say you like the range, you think it’s heading back towards 3577p again. You decide to buy exposure to £10,000 worth of NMC Health using a CFD, at the current price of 3298p. To do this, you need £2,000.
Let’s assume NMC Health recovers back to 3577p (+8.4%). Your profit would be £840, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss 3% below the current price. NMC Health 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.