Will NMC Health break support, or will it rise again back to 3011p recent highs?

• Support around 2522p since 4 Jan.
• Latest bounce yesterday to trade 2570p (at time of writing).
• Will the pattern repeat? Will the shares bounce to 3011p again?
• Shares -15.9% from 2019 highs; +1.1% from 2019 lows; -5.8% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading NMC Health – An Example

Let’s say you like the NMC Health chart and you think the price is heading back towards 3011p again. You decide to buy exposure to £10,000 worth of NMC Health using a CFD, at the current price of 2570p. To do this, you need £2,000.

Let’s assume NMC Health recovers back to 3011p recent highs (+17.1%). Your profit would be £1710, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 7% from the current price. NMC Health falls 7% and hits your stop-loss. Your loss would be £700.

This is provided for information purposes only. It should not be taken as a recommendation.