Will Renishaw turn, or will it continue to rise to 4723p highs?

• Shares +15% from recent lows; Now 4231p (at the time of writing).
• Will the positive momentum take them back to Jan. 4723p highs?
• Shares -10.4% from 2019 highs; +18.9% from 2019 lows; -0.2% year-to-date.
• 21 Mar: Share-price fall is chance to Buy says Panmure
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Renishaw – 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 Renishaw using a CFD, at the current price of 4231p. To do this, you need £2,000.

Let’s assume the Renishaw trend continues to 4723p 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 4% from the current price. Renishaw falls 4% and hits your stop-loss. Your loss would be £400.

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