Smith & Nephew
A trading opportunity for you?
Will Smith & Nephew break support, or will it rise again to 1547p?
- Rising support since November, latest bounce at 1419p
- Breakout above 1452p to trade 1458p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 1547p?
- Shares -5.8% from 2019 highs; +5.4% from 2019 lows; -0.4% year-to-date.
- 8 Feb: In talks to acquire NuVasive
- 7 Feb: Berenberg says 2018 results are a pleasant suprise
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Smith & Nephew – An Example
Let’s say you like the Smith & Nephew chart and you think the price is heading back towards 1547p again. You decide to buy exposure to £10,000 worth of Smith & Nephew using a CFD, at the current price of 1458p. To do this, you need £2,000.
Let’s assume Smith & Nephew rises back to 1547p highs (+6.1%). Your profit would be £610, 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.