Will Spirax Sarco turn, or will it continue to rise towards 7397p?

• Breakout above 6865p; Now trading 6980p (at time of writing).
• Could they recover to prior highs of 7397p?
• Shares -4% from 2019 highs; +20.2% from 2019 lows; +12.2% year-to-date
• 7 Mar: Sees 2019 adjusted op profit margin in line with 2018
• 7 Mar: Organic sales growth ahead of global industrial production
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Spirax Sarco – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 7397p. You decide to buy exposure to £10,000 worth of Spirax Sarco using a CFD, at the current price of 6980p. To do this, you need £2,000.

Let’s assume the Spirax Sarco trend continues to highs of 7397p (+5.9%). Your profit would be £59, 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. Spirax Sarco 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.