Kier Group
A range trading opportunity for you?
Will Kier break support, or will it rise back to 1027p?
- 338-535p range since Jan, bounced off floor, testing recent highs
- Now trades 378p (at time of writing)
- Will the pattern repeat itself, testing previous 535p ceiling?
- Shares -30.5% from 2019 highs; +19.1% from 2019 lows; -6.8% year-to-date.
- 15 Apr: CEO to lead strategic review of company
- 8 Apr: Liberum leaves estimates unchanged after first half results
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading Kier – An Example
Let’s say you like the range, you think it’s heading back towards 535p again. You decide to buy exposure to £10,000 worth of Kier using a CFD, at the current price of 378p. To do this, you need £2,000.
Let’s assume Kier rises to 535p (+41%). Your profit would be £4100, 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 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.