Will NMC Health turn, or will it continue to rise towards 3724p?

• Breakout above recent highs at 2840p.
• Now trading at 2914p (at time of writing).
• Could they recover to prior highs of 3724p?
• Shares -3.4% from 2019 highs; +16.1% from 2019 lows; +6.4% year-to-date
• 5 Mar: NMC Health signs JV in Saudi Arabia
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading NMC Health – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 3724p. You decide to buy exposure to £10,000 worth of NMC using a CFD, at the current price of 2914p. To do this, you need £2,000.

Let’s assume the NMC trend continues to highs of 3724p (+27.7%). Your profit would be £2770, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. NMC breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.

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