A trading opportunity for you?

Will Smith & Nephew break support, or will it rise again back to 1421p highs?

• Smith & Nephew has a trendline of rising support since Oct 2014, recording 4 bounces
• Now trading 1273p (at time of writing).
• Shares -10.8% from 2018 highs; +8.1% from 2018 lows; -1.1% year-to-date.
• 26 July: Smith & Nephew back FY expectations
• Defensive non cyclical company manufacturing orthopedic devices
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Smith & Nephew – An Example

Let’s say you like the Smith & Nephew, you think it’s heading back towards 1421p again. You decide to buy exposure to £10,000 worth of Smith & Nephew using a CFD, at the current price of 1273p. To do this, you need £2,000.

Let’s assume Smith & Nephew rises back to 1421p (+11.6%). Your profit would be £1160, 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. Smith & Nephew 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.