Will Ferrexpo turn, or will it continue to rise to 319p highs?

• Shares +15% from recent lows; Now 270p (at the time of writing).
• Will the positive momentum take them back to prior 319p highs?
• Shares -3.4% from 2019 highs; +50.9% from 2019 lows; +39% year-to-date
• 1 Apr: Will publish FY results on/before 25 April; independent review on charitable donations ongoing
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Ferrexpo – 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 Ferrexpo using a CFD, at the current price of 270p. To do this, you need £2,000.

Let’s assume the Ferrexpo trend continues to 319p highs (+18.1%). Your profit would be £1810, 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. Ferrexpo 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.