Will Kier break support, or will it rise again to recent 535p highs?

• Bounced off December lows; Now trading 378p (at time of writing).
• Will the pattern repeat, the shares climbing back towards Jan 535p highs?
• 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

Click to enlarge

Trading Kier Group – An Example

Let’s say you like the Kier chart and you think the price is 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 back to 535p highs (+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.