Will Ashmore continue falling, or will it rise again back to 382p recent highs?

• Ashmore share price -6% today after US Federal Reserve hiked interest rates.
• Ashmore is a specialist Emerging Markets asset manager, and emerging markets are vulnerable to strong USD and rising US interest rates (Source: FT)
• Now trading at 347p (at the time of writing).
• Shares are down over -70.2% from 2018 highs, +1.2% from 2018 lows, -68% year-to-date.
• Can the shares regain recent highs?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Ashmore – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 382p. You decide to buy exposure to £10,000 worth of Ashmore using a CFD, at the current price of 341.2p. To do this, you need £2,000.

Let’s assume Ashmore recovers back to last week’s highs of 382p (+11.9%). Your profit would be £1190, 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. Ashmore 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.