Will Ashtead turn, or will it continue to rise to 2082p highs?

• Shares +12% recent lows; Now 1945p (at the time of writing).
• Will the positive momentum take them back to prior 2082p highs?
• Shares -7.1% from 2019 highs; +22.6% from 2019 lows; +18.8% year-to-date
• Shares higher on renewed optimism about US economy
• 5 Mar: Ashtead sees £500m in shares buybacks in 2020
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Ashtead – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Ashtead using a CFD, at the current price of 1945p. To do this, you need £2,000.

Let’s assume the Ashtead trend continues to 2082p highs (+10.7%). Your profit would be £1070, 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. Ashtead 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.