Will Hunting continue falling, or will it rise again back to recent 824p October highs?

• Hunting shares have fallen 5% today (-17.5% in the past month) to trade 658p (at time of writing).
• Shares -25% from 2018 highs; +25% from 2018 lows; +9.5% year-to-date.
• Recent share price range: Oct lows 642p; Oct highs 824p.
• Shares have fallen after oil services company pointed to a slowdown in offshore and international markets due to geopolitical tensions in its latest trading update.
• Nevertheless, onshore trading in North America (Hunting’s main market) remained strong and in-line with expectations.
• Can the stock regain recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News

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Trading Hunting – An Example

Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 824p. You decide to buy exposure to £10,000 worth of Hunting using a CFD, at the current price of 658p. To do this, you need £2,000.

Let’s assume Hunting recovers back to 824p (+25.3%). Your profit would be £2530, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Hunting falls 8% and hits your stop-loss. Your loss would be £800.

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