Will Intertek continue falling, or will it recover to 5255p Feb highs?

• Intertek shares -12.8% in one month.
• Shares bounced +2.7% from support zone around 4581p.
• Now trades 4705p (at time of writing).
• Shares -10.5% from 2019 highs; +2.57% from 2019 lows; -2% year-to-date.
• Can the stock recover to recent highs?
• 5 Mar: Testing company reported results in-line with consensus.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Intertek – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 5255p. You decide to buy exposure to £10,000 worth of Intertek using a CFD, at the current price of 4705p. To do this, you need £2,000.

Let’s assume Intertek recovers back to 5255p Feb highs (+11.6%). Your profit would be £1160, 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. Intertek falls 5% and hits your stop-loss. Your loss would be £500.

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