Spire Healthcare
A trading opportunity for you?
Will Spire Healthcare continue falling, or will it rise again back to 176p?
- The price has fallen over 35% from 2018 highs.
- It has been as high as 259p in July. It is now at 155p.
- Spire Healthcare shares are trading close to falling lows support line around 144p.
- Recent results disappointed, with lower NHS admissions hurting revenue.
- FY EBITDA guidance was decreased, further hurting the shares.
Trading Spire Healthcare – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards August level of 176p again. You decide to buy exposure to £10,000 worth of Spire Healthcare using a CFD, at the current price of 155p. To do this, you need £2,000.
Let’s assume Spire Healthcare recovers back to 176p. Your profit would be £1,350, from your initial investment of £2000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price, at 155p. Spire Healthcare falls 5% and hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.