Will Grafton Group turn back, or will it continue making fresh record highs?

• Shares +9% in 4 days; Now 897p (at the time of writing).
• Will the record high turn back to the previous  818p lows?
• Recent acquisition of Polvo BV has helped the stock’s performance.
• Shares -1,49% from 2019 highs; +39.9% from 2019 lows; +38.4% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Grafton Group – 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 Grafton Group using a CFD, at the current price of 896p. To do this, you need £2,000.

Let’s assume the Grafton Group  trend continues to 1000p July highs (+10%). Your profit would be £1000, 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. Grafton 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.