Will Kier Group continue falling, or will it recover March highs of 535p ?

• Kier Group fell 38% from March highs after results missed consensus
• After a 9% bounce, they now trade 364p (at time of writing)
• Shares -33.3% from 2019 highs; +7.7% from 2019 lows; -10.5% year-to-date.
• Can the stock recover March highs of 535p?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Kier Group – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 535p highs. You decide to buy exposure to £10,000 worth of Kier Group using a CFD, at the current price of 364p. To do this, you need £2,000.

Let’s assume Kier Group recovers back to 535p highs (+46.9%). Your profit would be £4690, 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. Kier Group 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.