Is this trend a good trading opportunity?

Will Halma turn, or will it continue to gain momentum toward 1,590p August highs?

• The chart shows price action in September.
• Shares are currently just -3.6% away from 2018 highs and have rallied +24.74% from 2018 lows, , +14.6%% year-to-date
• Currently trading at 1,439p (as of the time of writing).
• Halma reported recent trading in-line with expectations, with all sectors delivering revenue and profit growth.
• Order intake was ahead of revenues and previous year.
• Positive momentum increased following positive results, +3.9% in the last week. Will the momentum continue?

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Trading Halma – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Halma using a CFD, at the current price of 1,439p. To do this, you need £2,000.

Let’s assume Halma trend continues to 1,590p August highs (+10.5%). Your profit would be £1,050, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 6% below the current price. Halma falls 6% and hits your stop-loss. Your loss would be £600.

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