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

• Shares +10% from April lows; Now 901p (at the time of writing).
• Will the record high keep going towards new 1000p highs?
• Recent acquisition of Polvo BV has helped the stock’s performance.
• Shares -0.7% from 2019 highs; +41.7% from 2019 lows; +40.2% 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 901p. To do this, you need £2,000.

Let’s assume the Grafton Group  trend continues to 1000p new highs (+10.9%). 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.