Will Evraz turn, or will it continue up towards 584p?

• Breakout above 520p and 530p to trade 537p  (at time of writing).
• The ‘trend is your friend’. Will it continue towards 584p?
• Shares -10.2 from 2018 highs; +60.2% from 2018 lows; +11.8% year-to-date.
• 31 Jan: Q4 raw coking coal production +15%, crude steel output flat
• 27 Dec: Exploring possible options over coal assets of Sibuglemet
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Evraz – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 584p . You decide to buy exposure to £10,000 worth of Evraz using a CFD, at the current price 537p (at time of writing). To do this, you need £2,000.

Let’s assume the Evraz trend continues upwards to 584p (+8.7%). Your profit would be £870, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Evraz breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.

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