Intertek reports results on Tues, 27 November

• The chart shows the price movement last time Intertek reported: H1 Results, 7 Aug
• Shares opened -292p (-5%) went as high as -210p (-3.6%)
• The shares closed at the low of the day -574p (-9.8%) for a daily range of 364p or 6.2%.
• Shares -24.4% from 2018 highs; +6.3% from 2018 lows; -12.3% year-to-date.
• Currently 4534p (at time of writing).
• Intertek issues a trading update on Tues, 27 Nov.
• Will we see another big move?
• Intertek is involved in testing inspection and certification
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Intertek – An Example

Let’s say you think that Intertek results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Intertek using CFDs, at the current price of 4534p. To do this, you need £2,000.

For the purpose of this example, let’s assume Intertek  reports strong results and the shares rise 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 3% below the current price. Intertek results miss, it 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.